There are no ACH limits for MaterioPay. However, if you plan on processing large volumes early on in your use of MaterioPay, we may require a small amount of extra documentation up front, to help us manage risk on our end.
Here are the different types of documentation which work. PICK ONE of the following:
3 consecutive months of processing statements, which include the following:
Processor name
Merchant name
Time period
Total volume and transaction count
Any or all adjustments, including refunds, returns, disputes, and chargebacks
Processing fees
3 consecutive months of bank statements, which include the following:
Bank name
Account number (can be truncated to last 4 digits)
Merchant name
Time period
Beginning balance
Ending balance
Transaction activity detail
Financial Statements
2 years of financial statements, including Balance Sheet and Profit & Loss statement. Request may include audited financial statements.
Tax Returns
2 most recent years business tax returns