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New Merchant Approval Process - Business...a SelectSmart.com Flowchart
Business. New Merchant Approval Process
By Ikey
Viewed 978 times since July 2013.


This SelectSmart.com Business. flowchart, a free online decision tool is a creation of Ikey and for amusement purposes only. The implicit and explicit opinions expressed here are the author's. SelectSmart.com does not necessarily agree.


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The approval process for new merchant applications
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Automated welcome email

Online application received from prospective merchant




Credit risk score meets Company's standards

NO
Email sent to customer declining application

YES
NO


Bank carries out check and approves applicant


YES


Approval email with list of documents necessary to complete process




Documents received

NO
Email sent to customer declining application

YES


Account Opened