What is the application process like with regard to setting up a relationship with a merchant service provider?
With regard to BillingTree, they initially require the up front underwriting fees outlined in a EULA. Next, BillingTree requires underwriting documents (about 6 items, but may vary by type of company) to be submitted. After that, an application specialist will follow up with the signor and take an application over the phone. They will submit the underwriting packet to underwriting for review which takes about 5 business days. Once approved, the client will be notified and a training time will be established.
