Applying For Merchant Services Account The Easy Way

Merchant account applications are notoriously difficult to get approved. It's easy to see why: a lot of people don't understand how the application process works, so they're unable to answer the tough questions about their business details and credit history that potential providers need answered in order for them to make an informed decision.

Fortunately, there is a much easier way than sending in pages and pages of documents with every merchant application. If you fill out our simple form, we'll do all the heavy lifting on your behalf! All you have to do is give us a few minutes of your time and honestly answer our questions about your business, and we'll take care of everything else for you.

By filling out our application form, you'll be putting yourself in the best possible position to get a merchant service account. The application process is broken up into four parts - Application Review, Verification, Security and Compliance Check, and Authorized Merchant List - with each of these processes taking at least 15 business days to complete. So if you fill out our form as instructed below, we'll make sure it gets processed as fast as possible so that you're up and running with a merchant account soon after!

For more information about how to get started with your application or for more details about the steps we take once your application goes through this process, simply visit our FAQs page . We'll continue to update it as more questions come in, so be sure to check it out frequently.

How To Get Started

To start the application process, please complete the following steps: 1. Find An Application Online  ( Not all applications are available online . ) 2. Fill Out The Application Form 3. Click "Submit" 4. You'll be redirected to a page that has your application summary and eligibility requirements already filled out for you A Business Overview Tell us about your business in about 120 words or less. This is your chance to tell us what you do as a merchant account provider, why you chose to do it, and what your experience has been like doing so . A Business Description  (Not required)

Making this section optional is a great idea if you want to get your point across quickly. Make sure that you don't go over the 3,000 character limit, though. If you do, your application may be rejected. Financial Information  (Not required)

Understanding the financial health of a business is one of our primary concerns when we decide whether or not to approve an application . That's why we use this information to assess how well a business performs financially and evaluate how likely it is for us to lose money by providing that business with access to our services in the future . Your net worth is important to us . We reserve the right to decline applications from businesses that have insufficient assets or have high levels of debt . In addition, if you've experienced difficulty in the past paying back debts or have a history of engaging in other financial indiscretions, we may not be able to approve your application if your business is unable to demonstrate that it has a stable business model . Review Financial Information (Sometimes Required)

To review financial information, we need you to upload documents like bank statements , business invoices , client statements and W2 forms. If there are any problems with your uploaded documents, please let us know immediately by emailing support@paypal.com or by filing a Digital Transaction Report.

 Inventory Information  (Not required)

We're not just interested in the financial health of a business when deciding whether or not to approve an application. We also want to understand the nature of its business and to identify any potential red flags that might make it easier for us to decide whether or not it is a good candidate for our services . As such, we will evaluate information about a business's products and services in this section . Review Inventory Information (Sometimes Required)

We need you to upload inventory information if you have products, services or intellectual property that will be subject to payments through your PayPal account. You can upload them by clicking "Attach Inventory" in the Review Inventory section or by emailing support@paypal.com with a link to the document(s) attached.

Security Information  (Not required)

We're always looking for ways that we can improve the security of our services . That's why this section will also be used to analyze a business's security protocols and to identify any areas in which it might need improvement . Review Security Information (Sometimes Required)

To review security information, we will look at things like your SSL certificate and account encryption keys . Make sure that you keep these details updated and up to date. If you need assistance doing so, please email support@paypal.com . We'll be able to help you out . Account Management Information  (Not required)

This section is where you can tell us how and under what circumstances your business will use our services . Review Account Management Information (Sometimes Required)

We will use this information to verify that your business qualifies for a PayPal account and that you understand how we expect it to manage payments through us in the future . For example, we'll look at what equipment you have on hand to accept payments  and whether or not those devices are compatible with our services  to ensure that we are providing the right level of access to provide the stimulus necessary to drive growth. We'll also ask you how your business intends to use our payment services to help us determine what level of access you need and how you'd like to receive funds .

Alignment  (Not required)

We're doing business in a new way. That means that we have a new set of responsibilities as we work to protect the interests of all parties involved in an online transaction . In this section, we ask merchants about their commitment to digital and data security . We value our users and strive to integrate them into the development of our philosophy. If you're looking for feedback on your own digital security practices, then we encourage you  to take advantage of this portion of the application process by filling out this form.

Credit Information  (Not required)

Many of our customers have personal relationships with banks, other financial institutions and credit providers . We support these relationships by using the information we gather in this section  to manage our merchant customers' relationships with their personal banks, credit providers and other third-party service providers . Review Credit Information (Sometimes Required)

We will review any documents provided in this section to understand how you intend to use the information that you gather through us . For example, logs showing your transactions (such as login times) will be reviewed in order to detect suspicious activity or patterns that might indicate fraud. Credit information can be submitted using a link  or  by emailing support@paypal.

Conclusion

The above sections are meant to help us understand how your business will use our services . When you fill out the application form, you'll provide this information by answering questions about:

- Business Overview -  How You Use Our Services - Inventory Information - Security Information - Account Management Information - Analysis  - Alignment - Credit Information

You'll also provide your financial and tax documents. In order to review everything you've submitted, we need to ask a series of questions . If we don't understand something, or if there is an inconsistency with what you've told us, we may ask additional questions to clarify our understanding.