Overwhelmed by the underwriting process as a business owner looking to set up a merchant account? In this episode, join Frank as he does a deep dive into the often misunderstood topic in the world of payments, the underwriting process. He’ll cover what happens during the underwriting process, how to improve your chances of approval, and what the acquiring banks are looking for. Whether you're new to payments or an experienced merchant, this episode will help you to better understand what's happening behind the scenes when you apply for a merchant account and how to navigate it effectively.
In this episode these questions and topics will be covered:
• 2:06 - What is underwriting?
• 2:46 - Why does underwriting matter for you as a business owner?
• 3:44 - The key steps you can expect in the underwriting process.
• 7:00 - The biggest misconceptions merchants have about the underwriting process itself.
• 9:00 - Tips for making the underwriting process smooth and successful for you.
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