The eCheck Application

Enter the identifying and contact information about the primary owner.

To prevent fraud, the federal government requires us to collect the Social Security number of the business owner. Non-U.S. persons who do not have a Social Security number may provide their passport number, an alien identification card number, or number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard.

Enter the address of the primary owner.

Enter the job title and ownership percentage of the primary owner.

You can add additional owners of the business to the eCheck application. Enter the percentage of each individual who owns, directly or indirectly, equity interests of the legal entity. Only individuals with 25 percent or more should be listed. For example, each natural person that owns 25 percent or more of the shares of a corporation can be added.

Enter the ownership details of the business.

The Doing Business As name is the business’s assumed, trade, or fictitious name. This name might be the legal business name.

Federal Tax ID is the nine-digit tax identification that is issued to the business by the U.S. government that is used for tax reporting. For sole proprietors, this number can be your Social Security number.

Enter the address of the business. If this address is the same as the primary owner’s address, click

Import from Owner Address

.

Use the drop-down menu to select the Merchant Category Code that fits your business.

Enter information about your business’s process.

Timeframe to Product Delivery is how long it takes for the customer to receive their product after paying for the order. If you are providing a product or service that is paid for at the time of or after delivery, enter

0

.

Estimated Total Monthly Sales is the total dollar amount of eCheck sales that you expect to process each month through this account. Do not include payment volume from other methods, such credit cards or wire transfers.

Average Order Amount is the average dollar amount of each individual order or sale. If your business is new and you are unsure of the amount, you may list the average price of your products and services for sale.

Largest Expected Order Amount is the dollar amount of the largest order you expect to have. If your business is new and you are unsure of the amount, you may list the dollar amount of your most expensive product or service for sale.

Enter information about the account in which you want funds deposited. Note that this account might also be debited for any accrued fees, chargebacks, refunds, returns, or other amounts owed related to the eCheck account.

Routing Number is the nine-digit routing number for your bank. It is printed on the bottom of your checks. If you do not have checks, contact your bank for the number.

Account Number is the number of the bank account in which funds from your sales are deposited.

Enter the eCheck Descriptor.

The eCheck Descriptor is the name appears on the charge in your customer’s bank statement. This should be the name they are most familiar with for your company. Most often this will be your business name or website URL, and you might have to abbreviate it to fit the 10-character limit.

Read the text in this section. Read the eCheck Service Agreement. Check the box to agree.

Click

Save

to submit the application. You will receive an email confirming that it has been received. An underwriter will review the application and respond within two business days.