WHAT’S REQUIRED TO BOARD A HIGH RISK BUSINESS MERCHANT
Business Documents and KYC
- 3 months recent prior processing statements for all products intended on being processed through the merchant account (If applicable)
- 3 months recent business bank statements. (If new business, merchant should be able to showing financial stability to support the startup/operation of the business or personal bank statements.)
- Prior years and year-to-date business financials (Prior years audited financials required if available)
- Website or Marketing materials (Print ads, brochures, etc.) if mail order/telephone order sales
- If product/service being sold and not owned by merchant, reseller agreements should be provided
- Articles of incorporation/articles of organization showing the ownership of the entity associated with the merchant account
Describe the product/service being sold? How is the product/service ordered or purchased? What are the price points for the product/service?
Is the product/service being sold through a Front End or as an upsell offer? Is the product/service being cross sold with any other product/service? If yes, explain. Is there a free trial and/or auto ship program attached to the product/service? Is there recurring billing/continuity plan associated with the product/service?
At Merchant Stronghold, we make the process easy for you. You can simple start our online application and with few clicks be able to submit all your information
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