In practice
Underwriting reviews the business model, owners, financials, website, products, licensing, marketing and processing history, including MATCH. The outcome sets approval, pricing, reserves and monitoring. It continues after onboarding when volume or risk changes.
Common confusion
Underwriting is not a one-time approval; acquirers can re-underwrite and change terms when the business changes.
Frequently asked questions
What documents do merchant underwriters ask for?
Typically ownership and identity details, bank statements, processing history, website and policies, product lists and any required licenses.
How long does merchant underwriting take?
It varies by provider and risk level, from same-day for simple businesses to several weeks with enhanced due diligence.