As an e-commerce merchant, you may not know what to expect from your merchant account service provider. Each service provider requires different documents and each will also provide you with different types of services. However, Instabill wants you to know exactly what you can expect from us, which is nothing but the very best.
Merchant Account Application
When applying for an online merchant account with Instabill, you will need to submit a completed and signed application along with various underwriting documents. The banking partner we match you with as well as where you are willing to incorporate your business will determine the exact documents you will need to submit. Below is a list of underwriting documents that we most frequently request from our applying merchants.
- Credit Card Processing History
- Business and Marketing Plan
- Proof of Domain Ownership
- Valid Photo ID or Passport
- Suppliers’ Agreements
- Articles of Incorporation
- Business Bank Statement
- Personal Bank Statement
- Business Bank Reference Letter
- Personal Bank Reference Letter
Credit Card Processing Rates
One of the most important things to consider when selecting a new merchant account service provider is rates. Some offer higher rates, others offer lower rates, and some may even offer you the same rates you currently have.
If you are applying for an online merchant account, Instabill can offer credit card processing rates as low as 2.5% depending on your industry, where you are willing to incorporate, your credit card processing history, chargeback ratio, and other deciding factors. However, if you are applying for a retail merchant account in the United States, then we can provide you with swipe credit card processing fees as low as 0.25% plus interchange.
Merchant Account Services
Not only does Instabill provide a state-of-the-art payment gateway that you can easily integrate with our APIs, but we also connect business owners to acquiring banks and help you establish reliable merchant accounts with very generous volume caps. Whether you live in the Americas, Europe, Australia, or Asia, Instabill can serve you with our first class merchant account services. You can process locally or offshore with a 3D Secure or non-3D Secure merchant account and know that your business and transactions will remain safe with our SSL-encrypted payment gateway.
Card and Currency Options
Since Instabill works with nearly a dozen merchant acquiring banks, we can offer credit card processing solutions for all major debit and credit cards. We offer processing for Visa, Visa Electron, MasterCard, Maestro, American Express, Diners Club, Discover, China UnionPay, and JCB International.