How much will the merchant have to pay back?
Every merchants credit card picture is unique. You, the representative, will not be able to give the merchant even a range of possible rates or payback numbers. The reason for this is that the underwriting department must have the required documentation before a quote can be calculated for the merchant. In order to give the merchant a good preliminary quote you will need to get from him at least four month’s credit card processing statements and three month’s bank statements, along with the completed merchant application. Once the underwriting department has those documents a quote is generated and it is submitted to the merchant by others in our organization.
