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How to Apply for an EnrollsyPay Credit Card Account
How to Apply for an EnrollsyPay Credit Card Account

Here's how to apply for a credit card merchant account

Serena Edwards avatar
Written by Serena Edwards
Updated over 3 months ago

Need to apply for EnrollsyPay? Here's how:

  1. Head over to the Getting Launched page (click the rocket ship icon in the far-right corner):

    getting launched page in Enrollsy
  2. Under To Do, click on "Get Started" under Credit Card to apply:

  3. Choose one of these providers and apply for a Merchant Account. During the application process, you will provide a checking or savings account along with the account's routing number where you want payments received to be deposited.

NOTE: Enrollsy doesn't ever actually touch/hold any of your money. We are simply a platform that will integrate with the card and eCheck payment providers.

Get Started

Enter the following to get started:

  • Company Name

  • Admin Name

  • Email Address

Business Information

This is information collected about the company. If you know your company's TIN (Taxpayer Identification Number), you can look it up by that and the legal business name. If not, you will need to enter the following information manually:

  • Country of registration

  • Business legal name

  • Tax ID

  • Business entity (i.e., corporation, LLC, etc.)

  • Business start date

  • Doing business as name

  • Business website URL

  • Business legal address

  • Date the current owner acquired the business

  • Doing business as address (if different from the legal address)

  • Business phone number

  • Business email

  • Industry sector and merchant category (MCC) - choose the industry sector first and then the MCC section will auto-populate

  • Business Summary (a brief summary of core services and products)

Owner Information

In this section, you will add the primary business contact who will be responsible for receiving general business-related communications, as well as the contacts for PCI Compliance, Chargebacks, and Portal Access.

Primary Contact Details

Add the name, phone number, email, and mailing address of the primary contact person. Also check if this is the primary contact for PCI compliance, Chargebacks, and/or business-related communications.

If this person is NOT the primary contact for one of the above, you will have to include the contact name, phone number, email address, and street address for PCI compliance program updates and/or Chargeback communications.

Online Portal Access

You will also decide who will have access to the online portal. You will need the following information for EACH person who needs portal access:

  • First and last name

  • User Name

  • Email Address

Related Individuals Details

This section is where information is collected regarding control persons (senior officials such as the CEO or CFO) and beneficial owners (owners with 25% or greater ownership; at least 75.01% of ownership). The following information will be asked for EACH:

  • First, middle, and last name

  • Role (Shareholder with 25% or more, Partner, Control Person, Committee/Board Member, or Person with Significant Control)

  • Email address

  • Phone number

  • Ownership percentage

  • Date of birth

  • Gender

  • Residential address

  • Identifying documents (if the USA, social security number)

Authorized Signatory Details

Add any authorized signors that would be authorized to view or change account details and make purchases.

Processing Information

Transaction & Processing Information

This is the transaction and procession information. It is important that you get as close as possible to the correct amounts here. If you don't, you may have to change them, which can hold up future customer transactions. You will need to provide the following information:

  • Average transaction amount

  • Highest expected sale amount

  • Annual credit card sales

  • Annual American Express sales

  • Annual sales (all methods)

  • Percentage of online sales

  • Percentage of in-person sales

  • Percentage of cards, not present sales

  • Percent of goods or services rendered in 0-7 days/8-14 days/15-30 days and greater than 30 days (with a total equaling 100%)

Products & Integrations / Hardware Solution/Terminal Configuration

These are already configured; you can skip this section.

Fees & Funding Model

These questions are already configured; you can skip this section.

Banking Information

Deposit Account Details

Enter the following information:

  • Name on the Deposit Bank Account 

  • Deposit Bank Name 

  • Deposit Routing Number 

  • Account Number

You will also need to provide proof of ownership of the deposit bank account if available. This includes:

  • Proof of Bank Account document 

    • Bank Statement with bank letterhead

    • Letter with bank letterhead

    • Voided check

Upload Proof of Bank Account

Is your Billing account the same as your Deposit Account? 

Contract & Signature

Here you will view your contract. Read this in its entirety. You will also see items that are still pending or active that will look similar to this:

After agreeing to each one, they will turn green and change to "Agreed," like this:

After agreeing to each of the above, you will need to sign the contract. You will be asked the following information for the authorized signatory so be sure the person signing is an authorized signor.

If you have any issues or questions please contact us on chat within Enrollsy.

NOTE ABOUT SAVING INFORMATION

If the system signs you out, please check your email for an email from EnrollsyPay/us.merchant.boarding@tillpayments.com (subject line: Get Started Today!) with a link to the form. If you clicked the "save and continue" button at the bottom, all the information you entered should be repopulated.

After Approval

After applying to one or both, you will then work with both merchant account providers to gather the required documents needed to get going (the companies will reach out to applicants).

Once your account has been approved, the provider(s) will issue you a unique Merchant ID (or MID). After you have been approved and onboarded, the Enrollsy team will be notified, take your account in Enrollsy out of "Test mode," and activate your new merchant account(s).

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