Signing up
Q1
How long does it take to get set up?
A1
A1
- You will receive an approval decision within 5 business days
- Terminals can be shipped next day directly to the merchant
Q2
What type of documentation will I need?
A2
A2
- Merchant Agreement
- You will sign and date the merchant agreement
- VOID Cheque
- Used to confirm your banking institution and funding into your business bank account
- Certificate of Incorporation or Business Registration
- Used to confirm validity of a business entity.
Q3
What kind of equipment do I need?
A3
A3
- The Currency Systems help desk along with our relationship executives are happy to help tailor your custom equipment needs from terminals to POS touch screens. You will receive the equipment that best fits your business needs.
- We are dedicated to listening, understanding and proposing the best solution with options that allows you to make the informed decision along with our industry expertise
Q4
Why is filling out an application necessary to obtain merchant account?
A4
A4
- The application helps understand you as a client and helps us take care of you best
- Each industry has different risk criteria that must be fulfilled
- All product and service offerings are rated differently on a risk scale by financial institutions and must be assessed with our experts.
Q5
Why I have to provide such information?
A5
A5
- Every merchant must complete an application
- Depending on the industry and product or service required the underwriting department may require security or additional information before approval
- Most business fall into the low risk products and services and are approved very quickly
Q6
How easy is the paperwork and what’s involved?
A6
A6
It is a quick application process, and it will take less than 20 minute.
Q7
What is your approval guarantee?
A7
A7
Our guarantee is simple: If your application is not approved you will receive a full refund of your setup fee. There is no risk in submitting an application.
Q8
Do I need to be incorporated in Canada or the USA?
A8
A8
- There is no need for incorporation to obtain an account.
- We work with both small and large businesses across many industries.
- The only requirement is that you must have a business bank account in the country in which your business is based.
- Any type of legal business entity can use our processing services including proprietorships, partnerships, charities and corporations.
- Our merchant account solutions are available to merchants located in Canada, USA, UK, Australia, Germany and Japan. Other countries can be supported on a per-case basis.