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The Fastest Way to Get Approved for a Merchant Account – What Underwriters Look For
Manage episode 480196189 series 3615028
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Ever feel like your merchant account application disappeared into a black hole? On today’s episode of The Payment Guy, Frank pulls back the curtain on what’s really going on behind the scenes during underwriting. What are banks actually looking for, and how can you position your business to get approved faster with less friction?
In this episode, these questions and topics will be covered:
- 01:07 - Why underwriters assess risk in the first place.
- 02:08 - An overview of the must-haves for legitimacy and what mistakes get applications rejected.
- 6:09 - What to prepare for your merchant account application, including the financial proof underwriters expect.
- 10:40 - Pro tips to speed up approval.
Need a hand getting your merchant account approved? Head over to paydiverse.com or drop us a line at [email protected]. We’ve done this for years and we know how to make it easy. Don’t forget to subscribe to The Payment Guy for more insights on making smarter payment decisions that fuel your business growth.
Connect with PayDiverse:
Instagram: https://www.instagram.com/paydiverse
Website: http://www.paydiverse.com
LinkedIn: https://www.linkedin.com/in/franksena
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