How long does it take to get a merchant's application approved? With a completed application and necessary underwriting documentation, most merchants can get approved in 48 hours. Some higher risk merchants might take a little longer depending on the completion of the application or the status of supporting Underwriting information.
Can an application be faxed in for approval? Yes, but the hard copy must be sent to ECHO with signatures in order for Underwriting to provide final approval of a merchant's application.
Does every application submitted by a partner get accepted? No. On occasion an application containing a severe credit risk might not qualify for a merchant account. ECHO consistently approves 98% of all applications.
Who ultimately underwrites the merchants that a partner sells? ECHO will conduct the processing of all merchant applications.
Who maintains the credit risk associated with each merchant account, the partner or ECHO?
ECHO maintains the credit risk of each new merchant account.
