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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

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The merchant underwriting process helps reduce fraud (including chargeback volume), ensures compliance with regulations, and protects financial stability in the payment processing space. Key steps include application review, risk assessment, credit checks, and compliance verification.

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8 Top Stripe Alternatives: In-Depth 2023 Guide

FastSpring

A billing solution that acts as your MoR gives you access to multiple payment processors (which lets you accept more payment methods and is useful when accepting payments globally, as we explain below) while taking on the liability of all transactions for you. Taking the lead on legal compliance (including audits).

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The Ultimate Guide to Online Payment Processing

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Step 3: Get your merchant account We already established that you cant accept credit card payments without a merchant account. You can apply directly for one from a merchant acquiring bank, but we recommend getting one from your payment services provider to make the process faster and smoother.