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What you need to get started The online application takes about 30 minutes to complete. You will require the following items to apply:
1. The SSN, Driver License and Contact Information of the principals of your business. 2. The Bank Account and Routing Numbers of the Checking Account used for your business. 3. Information about your Business, including a Tax ID or SSN and Location Information.
Account Approval
If there is any additional information that is needed or if you have had any problems with your application, our payQuake representatives will contact you to clear up any problems. Some of the only reasons you may not get approved are because you have an open bankruptcy, a lien, or you have been placed on the Terminated Merchant File (TMF).
You are not limited to any monthly volume, however, please consider your monthly volume carefully. A high monthly volume will require additional information to approve your account. A low monthly volume may be easier to approve, but if you exceed that volume in actual processing, then your funds can be subject to withholding by our backend processors for fraud mitigation.
There may be cases due to your credit, type of business or bankruptcy, where you will not qualify for the above listed rates and fees. In this case, you will be notified and sent new paperwork to sign and send back. The material changes may involve a monthly minimum, reserve account, statement fees, and/or different discount rates and transaction fees.
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