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Canadian Merchant Accounts: Top-Rated Payment Processing with EBizCharge

EBizCharge

Whether you’re a new business looking to accept card payments for the first time or an established company seeking better rates and functionality, EBizCharge makes the application process fast, secure, and hassle-free. Risk classification: Based on these factors, your business will be classified into a risk category.

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How to Streamline Your SaaS Clients’ Merchant Underwriting Process—and Improve Adoption Rates

Stax

For example, if you have a project management app, then you can add payment features that allow people to use your software to take payments from their clients. Adding payments to your suite of features and offerings enables you to provide more value to your users. What Is Merchant Underwriting?

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Analyzing a16z’s fintech investment strategy: Where did the VC place its biggest bets in 2022?

CB Insights

Lightspark ($175M Series A): Lightspark, launched in May 2022, is building a Bitcoin payments tool. Vesta ($30M Series A): Vesta provides a platform for mortgage origination and underwriting that is designed to streamline processes, reduce risk, and help lenders improve their book of business.

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How to Expedite a High-Risk Merchant Account Approval

Payment Savvy

A merchant’s personal and business credit history is usually checked during underwriting. Have the necessary documentation on hand and ready to roll to expedite the underwriting process. During underwriting, your business will be thoroughly vetted, and any inconsistencies will increase the likelihood you are declined.

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Combating Commercial Cards’ Need For The Personal Guarantee

PYMNTS

Unless a business is at least five years old, its credit profile is likely quite thin, leaving banks to rely on personal guarantees to underwrite an account. A missed payment led to Glyman — who provided the personal guarantee on Paribus’ company card — receiving a collections call for a six-figure payment.

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Why Australia’s Banking System Helps — And Hurts — SMB Card Adoption

PYMNTS

Others can struggle to obtain approval for a card product because of the legacy requirement of a personal guarantee, despite advances in sophisticated credit underwriting. “The traditional onboarding experience just doesn’t work anymore,” Kidd said. The Opportunity For Banks.

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The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

“These protections include underwriting requirements, detailed periodic statements, limitations on late fees and charges, and restrictions on the amount of fees that can be imposed in the first year that the credit is extended,” Cordray said of the expanded protection. ” Analysts also suspect that Square Inc.’s