Strategic Merchant Solutions Underwriting Guidelines Monthly Processing Retail Card Restaurant Card MO TO

Document Sample
Strategic Merchant Solutions Underwriting Guidelines Monthly Processing Retail Card Restaurant Card MO TO Powered By Docstoc
					                                                               Strategic Merchant Solutions Underwriting Guidelines
Monthly Processing        Retail (Card      Restaurant (Card        MO/TO          MO/TO
     Volume               Present 80%)       Present 80%)         (15DDD)**        (30DD)        Internet (15 DDD)**        Internet (30 DDD)**

                                                                   Application Package -
                         Application Package - Personal           Personal Guarantee or
                       Guarantee or Corporate Resolution w/      Corporate Resolution w/ 2       Application Package - Personal Guarantee or
     $0 to $40K             2 FYE Business Financials            FYE Business Financials      Corporate Resolution w/ 2 FYE Business Financials


  $40,001 to $$75K                                                                               Web Site MUST meet ALL internet requirments


                                                               Application Package + 2 FYE
  $75,001 to $150K                                                Business Financials          Application Package + 2 FYE Business Financials

 $150,001 to $500K                                                                               Web Site MUST meet ALL internet requirments
                          Application
                        Package + 2 FYE
                           Business
  $500,001 to $1MM         Financials
                                               Application
                                             Package + 2 FYE
                                                Business
     Above $1MM                                 Financials
Application Package - Completed & Signed application with PG. If no PG, Corporate Resolution required. Copy of all applicaints GOV'T issued
ID. Drivers license or passport. Copy of voided check or bank letter verification. Business license or articles of incorporation. If currently, 3
current & consecutive credit card processing statements (ALL PAGES)
Business Financials - 2 years Business tax returns. Current profit & loss atatement. 6 months business bank statements. If business is new, the
personal tax returns, banl statements are required.

FYE - Full Year End

Corporate Resolution - If owners don’t personally guarantee account, a corporate resolution is required and FYE financials are required.
Non-Profit Merchants - In addition to the application package, provide the following: Proof of non profit status. Current year and interim
business financials

DDD - Days of Delayed Delivery (days from the time the card holder is billed to the time card holder receives product)

Marketing Materials - brochures, catalogs,yellow page ads, newspaper ads, web site.
Web Site Requirments - DBA MUST appear prominently. Customer Service number, Return & Refund policy, Product delivery methods and
timing are clearly decribed. Merchant privicy statement. Product description with pricing. SSL on page where credit card number is entered.

                                         D:\Docstoc\Working\pdf\3363c387-3d03-4565-b4db-a54071f25d2c.xls

				
DOCUMENT INFO
Description: Corporate Bank Resolution document sample