How long does the application-approval process take?
Once your application is submitted, it will be reviewed by our credit underwriting department. In most cases, you will receive a decision on your application within 2 business days (often quicker). We will contact you via phone with a decision. Occasionally, a business will be asked to supply additional information in order for us to arrive at a decision. After receipt of any additionally requested information, you will be notified of a decision within 1-5 additional business days Upon application approval, your new merchant account must be activated at the bank and throughout the credit card processing network. This takes up to 2 more business days. You will receive another e-mail notifying you when your account has been activated.
Once submitted, all applications will be reviewed electronically by our credit decision system. If automatically approved, you can process credit card transactions shortly thereafter. If additional review of your application is deemed necessary, you will be notified of a decision within 1 to 3 business days. Upon completion of the credit review process, Chase Paymentech will contact you via e-mail with the final status of your application.
Once your application is submitted, it will be reviewed by our credit underwriting department. In most cases, you will receive a decision on your application within two business days (often quicker). We will contact you via e-mail with a decision. Occasionally, a business will be asked to supply additional information in order for us to arrive at a decision. After receipt of any additionally requested information, you will be notified of a decision within one to five additional business days. Upon application approval, your new merchant account must be activated at the bank and throughout the credit card processing network. This takes up to two more business days. You will receive another e-mail notifying you when your account has been activated. Once your account has been activated, you can start processing credit cards.
