Pre-Application Checklist for a Payment Gateway or Merchant Account

Applications stall most often because of missing or inconsistent information. Work through this checklist before you apply to a payment gateway, payment facilitator or merchant account. Tick items as you complete them; your progress stays in your browser only.

The checklist is organized into business identity, banking, website and policies, and operations. Names and addresses should match exactly across your state registration, IRS records, bank account and website, because underwriters compare them. If you are a sole proprietor you may be able to use your Social Security number rather than an EIN, but many providers prefer an EIN.

This list reflects common industry practice rather than a legal requirement; each provider sets its own rules, and higher-risk businesses are often asked for more. Use it as preparation, then read the provider's own application requirements.