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Merchant Account Checklist

Opening a merchant account requires few documents and financial information. In order to create a new merchant account, the following checklist would help you. Make sure you have all these items together when you open your merchant account.

Xerox of your Driver's License - In order to verify your identification, you should submit a copy of your driver's license when you open a merchant account.

Voided Check - provide a voided check from your business checking account. This should be from the account into which you want the funds deposited when you process credit cards.

Merchant Account Application - Be sure to fill out all sections of your merchant account application, in order to avoid delays in approving your merchant account.

Product or Service Information - We need to know what type of business you're in, how much you charge, and what your typical products are. You should provide a list of the products and services for which you will accept credit card payments, along with the prices for these items. If the prices are customized, you will need to at least provide a general basic price. Provide this information on a separate sheet of paper with your merchant account application. Or you can save time by providing the URL to your web site, if your web sight has this information spelled out in one place.

Business Financials - If your average ticket or your monthly volume is particularly high, we may need to see the profit & loss statement for your business. The "threshold" for this requirement may vary due to several factors, but it may be, for example, an average ticket of more than $750 or a monthly volume higher than $175,000.

Current Processing Statements - If you already have a merchant account or you currently process credit cards through another merchant account service, you can ensure easy approval by including the last three months of processing statements from your other account.

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Fill out the form below or CALL 1-888-961-6999 to start the application process. Apply4Less will use this information to find the perfect program for you. The information you submit is used solely by Apply4Less and is not shared with any third parties.







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