Documents increase account stability
We need to submit your documents to perform Underwriting. Without Underwriting, your merchant account is very likely to face held funds or complete account closure.
This is why companies that quickly approve accounts, such as Stripe, close accounts daily.
The result of this is that our competitors shut down millions of accounts last year and held millions of dollars from business owners just like you for months on end…
The underwriting process allows us to get to know your business; that way, there are no surprises down the road, and you have much greater stability.
It is important to remember that even if your business is perfect, with zero chargebacks, low refunds, and no issues, if someone in your industry has these problems, it reflects on the entire industry as a whole!
In simpler terms, if a competitor gets a bunch of chargebacks, Stripe and others will flag every account in that industry.
And through no fault of your own, you could face an account closure.
Underwriting helps to prevent this problem.
The quicker you get us your documents, the sooner you can process payments!