FAQ

How long does it take to get approved?

This answer can vary based on the speed in which you get us all the required documents. If much of the time is spent waiting for due diligence material from your end, it will delay the approval times. We can often get deals approved in 48hrs, but if the deal requires a few more stipulations it could extend another 48 hours.

Why do they need to run a credit check?

The bank needs to access the risk associated with each account as they are the ones that will be funding you when you accept payment. Think about it this way, when a customer uses a card you (as the merchant) get paid instantly regardless of whether the customer paid down their card bill. The sponsoring bank is the one that pays you the money right away in hopes that there aren’t any issues with the transaction. The bank is the one taking a risk on your transactions.

Why do they need to run a credit check?

The bank needs to access the risk associated with each account as they are the ones that will be funding you when you accept payment. Think about it this way, when a customer uses a card you (as the merchant) get paid instantly regardless of whether the customer paid down their card bill. The sponsoring bank is the one that pays you the money right away in hopes that there aren’t any issues with the transaction. The bank is the one taking a risk on your transactions.