What You Need to Know about a High Risk Merchant Account

OFFER/CAMPAIGN INFORMATION

Describe the product/service being sold? How is the product/service ordered or purchased? What are the price points for the product/service?

Is the product/service being sold through a Front End or as an upsell offer? Is the product/service being cross-sold with any other product/service? If yes, explain. Is there a free trial and/or auto-ship program attached to the product/service? Is there a recurring billing/continuity plan associated with the product/service?

Documents and KYC

3 months of recent business bank statements. (If a new business, the merchant should be able to show financial stability to support the startup/operation of the business or personal bank statements.)
3 months recent prior processing statements for all products intended on being processed through the merchant account (If applicable)
Prior years and year-to-date business financials (Prior years audited financials required if available)
Website or Marketing materials (Print ads, brochures, etc.) if mail order/telephone order sales
If product/service being sold and not owned by a merchant, reseller agreements should be provided
Articles of incorporation/articles of the organization showing the ownership of the entity associated with the merchant account.

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