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Documentation & Requirements

If you are considering the accepting payment cards as a method to collect revenues for your company with Lot Payments, you should accord the statutory documents.

REQUIRED DOCUMENTS
  • 3 Month’s Recent Bank Statements (personal or business)
  • 3 Month’s Processing Statements
  • Valid Driver’s License or Passport or State ID
  • Voided Check or Bank Letter
  • Valid Working Website (required for eCommerce)
  • If Website Is Under Construction Need Marketing Collateral (required for eCommerce)
  • Website Must Have Terms & Conditions (required for eCommerce)
eCommerce Websites Have To Include:
  • Refund/exchange/cancellation or applicable warranty policies
  • Business contact information including business address (city, state, country), phone #, and e-mail address
  • A secure checkout page
  • Recent Home Utility Bill
  • Articles of Incorporation
  • Tax EIN Letter from the IRS
  • MOTO Questionnaire
  • End User Agreements or Contracts with your Customers/ Fulfillment Agreements with your Suppliers
  • List of All Nutraceutical Products Offered on your Website (if applicable)
  • 2 Years Filed Business or Personal Financial Documents
  • Letter Signed/Dated by You The Merchant with your Correct Home Address
  • Screenshots Confirming Proof of Domain Ownership `
  • 3 Month’s Recent Bank Statements (personal or business)

All pages to the bank statements are required. Business bank statements must show legal or DBA name, business address and full bank account&routing numbers. Personal bank statements must show full name or DBA name, business address and full bank account&routing numbers.

GET A QUOTE FOR YOUR BUSINESS TODAY!!

Businesses that are considered high risk have to know who the right payment processors are, and those high risk merchant account providers that are willing to meet your business needs and provide you with stable credit card processing A high risk merchant account is a payment processing account for merchants that are classified in a high risk services or products category by acquiring banks and the credit card brands.

The Payneo Team can get you approved today for low to high-risk merchant accounts for B2B, eCommerce, or Retail at reduced rates and fees.

BANK STATEMENTS
DRIVER'S LICENSE
VOIDED CHEQUE
FUNCTIONAL WEBSITE
UTILITY BILL
ARTICLES OF INCORPORATION / MOU

Documentation & Requirements

(Please see “Example Processing Statement Merchant Statement Example Format.pdf” for an actual example of a processing statement.) All pages to the processing statements required. Must be actual merchant statements. Reports should be by month and display merchant ID, processing month, name of processor, corporation name or DBA

If you do not have a processing history, please let us know. In the very few cases where you are processing but your processor cannot provide you with statements, our underwriter will need your login credentials to your processor`s account. You can change the password after the underwriter reviews your processing history.