Hard to Place Merchant Program Simple Approval Process 1. Submit - PowerPoint PPT Presentation

Oct 29, 2023 •131 likes •214 views

Hard to Place Merchant Program Simple Approval Process 1. Submit through our easy to use online portal 2. Send application for e-sign 3. Follow underwriting notes live in the portal and upload documents Direct UW contact 4. Approval from

Hard to Place Merchant Program
Simple Approval Process 1. Submit through our easy to use online portal 2. Send application for e-sign 3. Follow underwriting notes live in the portal and upload documents • Direct UW contact 4. Approval from multiple sponsor banks • Easy integration • Developer sandbox • Access to PaymentCloud eco-system 5. On time, accurate and complete monthly residual reporting *White Glove customer service Team at the center of it all helping you and your merchants.
Case Study #1 -Biz Ops Seminar 1) Advanced ticket sales - quarterly fulfillment 2) High ticket ($30k) 3) High volume ($500k monthly) 4) 1 year old business 5) 670 FICO signer Outcome: 500k a month accommodated the ticket size with a 10% reserve.
Case Study #2 - E-cigarette / Vape 1) Requested $1MM monthly volume 2) 610 FICO 3) Currently Processing with 20% reserve 4) B2B wholesale aspect with large tickets ($10-$50k) 5) Time crunch - being shut off by current processor Outcome: Approved in 3 business days, full volume with 5% reserve.
Case Study #3 - Collections 1) Established Business, multiple MID’s 2) Chargeback ratio ranges from 1-3% per MID 3) Need extra volume for new client - $1MM 4) Strong financials, bank statements 5) Competitive Pricing Outcome: $1MM approval, no reserve at 65 BP’s. Chargeback mitigation program to clean up processing.
Case Study #4 - Tech Support 1) New Business - no history or business checking 2) Requested volume $50k 3) 500 FICO 4) Have been through the ringer Outcome: $50k monthly volume, 10% reserve. Chargeback mitigation and business services software to help retain merchant.
Partnerships Team Contact us - UW@paymentcloudinc.com - 213.986.9864 Tom Salazar Jamie Hillis Shawn Silver Michael Wright Director of Relationship Agent Channel Lead Founder - CEO VP Partnerships Management Underwriter And the rest of the RM team….

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