How long does merchant account approval take?
Most standard businesses are approved within one to three business days once the application and documents are in. High-risk or high-volume accounts can take longer because they require additional underwriting. Velocity keeps you updated throughout.
Approval timing depends mostly on your business type. A standard retail shop, restaurant, or service business is usually approved in one to three business days once underwriting has your application, a voided check or bank letter, and ID.
Higher-risk categories — CBD, firearms, travel, subscriptions, very high volume — take longer because the processor does deeper review. Velocity works with multiple processors, so if one isn't a fit, we can place the account with one that is.
To move fast, have your business details, bank info, and a recent processing statement (if switching) ready. We handle the paperwork and keep you posted at each step.
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