All banks and payment processors require every company to submit a merchant application, which describes the costs, terms, and conditions for using a merchant account. Additional information such as bank statements, photo ID, business license, and other business information may also be required as part of the underwriting process. After the application and associated documents are received, underwriting and approval typically takes only a few business days.
Modified on: Mon, 24 Oct, 2016 at 11:21 PM
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