Merchant Services Application Overview

This brief overview of a merchant services application uses a Signature Card Services, Merrick Bank standard application.  However, most every Visa/MasterCard/Discover Independent Sales Office/Merchant Sales Provider will ask for the same information.  The arrangement of the application might be different, but the differences will be largely cosmetic.  One area that might differ is the rates section and how that is disclosed, but the schedule A (pricing) is not discussed in this particular video, but will be posted in a future video.

My intention for this video is to educate merchants on the application document needed to accept credit cards.  Often I’ve noticed that competitors will show the application documents only long enough to get a merchant’s signature.  I wonder what they are trying to hide in their schedule A and contract?  The application shouldn’t be a mystery at all and mine can be found right here:


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