Merchant Account Application Checklist

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If you are starting an e-commerce business or taking your existing business online, you will need a US merchant account to accept credit card payments. You know that Instabill offers industry-leading merchant services and that the application process is extremely efficient. However, you may be wondering, what else will I need to start processing? You will know what to expect when applying for a merchant account with this complete checklist from Instabill..

Guiding You Through the Underwriting Process

In order for a merchant account provider and acquiring bank to deliver a decision on your application, they must complete a process called underwriting. At Instabill, we seek to make this process of examining business documents easy to get you processing as soon as possible. These documents, referred to as Know Your Customer (KYC) documents, help determine merchant account fees and payout schedules for your US merchant account. The average US merchant should be prepared to submit the following documents:

  • Personal Bank Statement
  • Business Bank Statement
  • Photo ID or Passport
  • Credit Card Processing History
  • W-9 Form
  • Voided Check

Apply with Instabill Today

Instabill seeks to make the application process as easy as possible for all merchants. Submitting the documents listed above will help streamline the process and could lead to quicker approval. If you have any questions regarding the process, what you will need, or if you want to apply for a merchant account today, contact us online or call 1-800-318-2713 today.