The entire
underwriting process usually takes between
3-5 business days on average, once your
completed
high risk merchant account
application is received. During this period
you may receive a request for
additional information or clarification on
documents submitted with your initial
application.
High risk merchant accounts typically
require the
following documents:
CURRENT PROCESSING STATEMENTS
3-6 MONTHS BANK STATEMENTS
BUSINESS LICENSE - ARTICLES INCORPORATION
VOIDED BUSINESS CHECK
CURRENT PROFIT-LOSS STATEMENT
A high risk merchant should be
prepared to submit this documentation with
their initial application and also be aware
that follow-up with underwriters are common
and should be expected. Again this process
usually takes 3-5 business to complete.
