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How long does the approval process take?
Typically the industry standard is from 24-48 hrs depending on how the paperwork is obtained either through an online application or mailed application. I would give yourself a week time in advance so you can cross you T’s and dot your I’s. If you are started a new business then I would take time in discussing your needs and go over the rates and credit card terminals you will be using. If you are switching over the process is much more immediate and you can expect a speedy turnaround time.
Upon
receipt of the application and required supporting documents, our
in-house Underwriting Department will begin the review process of your
application. The average timeframe for approval is 24-48 hours for
domestic accounts, 10-14 days for Canadian accounts, and 3-4 weeks for
International accounts. The setup and deployment of your merchant
account will be within 24 hours of approval.
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