What is Required for a Merchant Account
When you are applying for a merchant account there is a lot of information that you need in order to complete the paperwork and obtain your merchant account.
- Business Checking Account or if a Sole Proprietorship a personal checking account
- Copy of a voided check
- Articles of Incorporation or business/reseller's license, this is good to show underwriting that you have a legitimate business
- Copy of your refund or return policy
- Trade References
- Copy of your most recent tax returns, this may be needed depending upon your type of business and monthly volume
- Copy of your drivers license
The above list is what most merchants need to establish a merchant account; some may vary depending on the processing bank.
Labels: merchant account requirements
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