The Payments Guy
Welcome to “The Payments Guy” — your ultimate guide to navigating the convoluted world of payments. Have you ever felt confused when reviewing your merchant account statement, understanding the role of payment gateways and processors, or dealing with customer disputes and chargebacks? You’re not alone! Each episode, we’re here to demystify the complex world of payments, bringing you top insights from industry experts and sharing real life payment horror stories that will help you make better informed decisions around accepting payments for your business.
Join in every other Thursday as we tackle the toughest questions and challenges in the payments space. From learning how to minimize the impact of disputes and chargebacks to exploring alternative payment solutions and ancillary services, The Payments Guy offers practical advice and solutions to help you successfully navigate the payments world. Plus, we'll feature interviews with experienced business owners and industry expert who provide valuable tips and tricks for streamlining your payments processes.
Whether you're looking to grow your business, avoid getting ripped off by your merchant services provider, or just want to understand the payments ecosystem better, “The Payments Guy” is your go-to resource.
Say goodbye to funding holds and pushy service providers —tune in and let us show you the money!
The Payments Guy
The Fastest Way to Get Approved for a Merchant Account – What Underwriters Look For
Ever feel like your merchant account application disappeared into a black hole? On today’s episode of The Payment Guy, Frank pulls back the curtain on what’s really going on behind the scenes during underwriting. What are banks actually looking for, and how can you position your business to get approved faster with less friction?
In this episode, these questions and topics will be covered:
- 01:07 - Why underwriters assess risk in the first place.
- 02:08 - An overview of the must-haves for legitimacy and what mistakes get applications rejected.
- 6:09 - What to prepare for your merchant account application, including the financial proof underwriters expect.
- 10:40 - Pro tips to speed up approval.
Need a hand getting your merchant account approved? Head over to paydiverse.com or drop us a line at support@paydiverse.com. We’ve done this for years and we know how to make it easy. Don’t forget to subscribe to The Payment Guy for more insights on making smarter payment decisions that fuel your business growth.
Connect with PayDiverse:
Instagram: https://www.instagram.com/paydiverse
Website: http://www.paydiverse.com
LinkedIn: https://www.linkedin.com/in/franksena
