Hard to Place Merchant Program Simple Approval Process 1. Submit - - PowerPoint PPT Presentation
Hard to Place Merchant Program Simple Approval Process 1. Submit through our easy to use online portal 2. Send application for e-sign 3. Follow underwriting notes live in the portal and upload documents Direct UW contact 4. Approval from
upload documents
residual reporting *White Glove customer service Team at the center
1) Advanced ticket sales - quarterly fulfillment 2) High ticket ($30k) 3) High volume ($500k monthly) 4) 1 year old business 5) 670 FICO signer Outcome: 500k a month accommodated the ticket size with a 10% reserve.
1) Requested $1MM monthly volume 2) 610 FICO 3) Currently Processing with 20% reserve 4) B2B wholesale aspect with large tickets ($10-$50k) 5) Time crunch - being shut off by current processor Outcome: Approved in 3 business days, full volume with 5% reserve.
1) Established Business, multiple MID’s 2) Chargeback ratio ranges from 1-3% per MID 3) Need extra volume for new client - $1MM 4) Strong financials, bank statements 5) Competitive Pricing Outcome: $1MM approval, no reserve at 65 BP’s. Chargeback mitigation program to clean up processing.
1) New Business - no history or business checking 2) Requested volume $50k 3) 500 FICO 4) Have been through the ringer Outcome: $50k monthly volume, 10% reserve. Chargeback mitigation and business services software to help retain merchant.
Partnerships Team Contact us - UW@paymentcloudinc.com - 213.986.9864 Michael Wright VP Partnerships Tom Salazar Director of Relationship Management Jamie Hillis Agent Channel Lead Underwriter And the rest of the RM team…. Shawn Silver Founder - CEO