OC Merchant Solutions OC Merchant Solutions
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What will be needed to open a merchant services account?

There are a few items and documents you will need when you open a merchant service account. There are all easy to get to us so that we can get you started!

  1. A signed application from either the business owner, or an authorized representative if it’s a non-profit organization. (An authorized representative is anyone that said nonprofit deemed capable of acting on behalf of the nonprofit.) For nonprofits, there will be no personal guaranties requested. For private businesses, personal guaranty and a credit check of the business owner is typically required.
  2. Voided Check, or proof of your bank account in the form of a bank letter, signed by your bank representative. This will be the account used to deposit your funds and remove fees. When using a voided check, it must be pre-printed with your organization’s name and address. If using a bank letter, it must state the name of your organization, the ABA routing number and checking account number of your bank account.
  3. Proof of your legal entity, typically in the form of an IRS letter or any other document showing your EIN or Taxpayer ID number. If you represent a nonprofit organization, we will need a copy of your 501c3 letter from the IRS, or a recent tax return.
  4. If you’re already accepting credit cards, we will need three months of current processing statements. The statements show our underwriters what types of transactions you’re accepting, so that they can properly structure your account and effectively monitor for fraud. If you have the need to accept orders over $1,000 then please also be ready to provide statements that show transactions of this value, or past invoices that reflect those volumes.
  5. We may request additional documentation, depending on other factors. Factors that influence documentation requests are: average ticket size, monthly volume expectations, types of products being sold, length of time between payment and delivery, prior processing history, and more.

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Telephone | 714.455.9688
Fax | 714.464.5319
Email | info@ocmerchantsolutions.com