Need to apply for EnrollsyPay? Here's how:
*IMPORTANT: Please note that if you switch providers, all of your customers will need to re-enter their payment information. Enrollsy only stores payment tokens so you will not be able to download or see payment details and manually transfer them. There may be an option to transfer the tokens to EnrollsyPay, but there will be a fee for that service, charged by the current merchant processor.
Head over to the Getting Launched page (click the rocket ship icon in the far-right corner):
Under To Do, click on "Get Started" under ACH to apply:
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.
Business Information
Enter the following to get started:
Legal Busines Name
Tax ID (NOTE: If your company EIN/Tax ID number starts with a "0," please substitute a "1" in its place and then LET US KNOW so we can change it on the backend. The form will not allow a "0" (zero) as the first digit)
"Doing business as" name
Industry Category
Specific Industry
Business and product/service description
Website
Primary Phone
Company address
Management & Ownership
Profession details of someone with greater than 25% ownership or someone with significant management responsibilities (CFO, CTO, etc.)
First and last name
Title
Email
Company ownership percentage
Home address
Cell phone
Date of birth
Social security number
Option to add an Additional Contact
Service Activation
Choose the services you would like to subscribe to:
Receive money via charges - Should stay on "Yes"
Send money via payouts - Should stay on "No"
Volume Projections
Estimate the following values:
How many dollars do you expect to collect in charges every month?
This is the total amount of money in checks you might process in a month. If your tuition or installments are due on the 1st of the month, think about how many Enrollees you have who will pay monthly, and imagine that 70% of them pay by check. If your average charge is $100, and you have 100 customers, you might put $7,000 in there.
However, if you open enrollment on a particular day and tend to have heavy enrollment, and in addition to the first tuition, they also pay enrollment fees and other things, please factor this into your calculation.
How many charges per month?
This is the maximum number of checks you will process in a month. Think carefully here and err on the side of over-estimating.
Max charge amount?
This is the largest check amount you might take. For instance, if you offer people a chance to pay for the year in full, which is $10,500, and someone could theoretically have four kids enrolled at once and pay for all four in full, you will want to enter $42,000.
Customer Profiles
Who are your customers (individuals or businesses)
How do you receive payment authorization? (online or mobile app/signed contract or agreement)
Statement setup/Statement descriptor (you can use the one provided or add a new one)
Statement setup/Use of payment services
Customer service phone
Customer service email
Add your Bank
Add the following information for the transfer account:
Bank name
Routing name
Account number
Use this account for service fees?
That's it! Click "Yes" to consent to the following:
Payment Services Agreement
Acceptable Use Policy
Electronic Signature Terms
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).