Promotional Rates
.85% to 1.5% it will not exceed 1.5% with FBS . Will need to see 3 months of merchant statements. If it’s a new business the rate will be .85%
High Volume Seminars
MCC: 7292, 7399, 8299, 8999
Acceptable
Merchants offering consulting, educational, personal, and professional seminars B2B. B2C on a case-bycase basis.
Requirements and Documents needed
- Please provide us with a copy of any Welcome Package or form emails that get sent out to the
customer (include an example of a recurring billing email notification if applicable). - Copy of merchant / customer agreement outlining the terms
- Provide Name Fulfilment Organizations (if applicable) that fulfil the discounts and copy of agreements
between merchant and fulfiller - Copy of call scripts
- Provide all vendors (if applicable) and include copy of agreements along with payable arrangements.
- 3 months most recent processing statements
- Reserves
Following questions must be addressed:
- What is the percentage split between products and services offered?
- For each product and service sold, how far in advance on average are payments taken before
fulfilment? - How long from the date of purchase does the customer have to take to sell / use the product?
>$100k monthly volume additional requirements
- Previous 2 years business tax returns or audited financials
- YTD balance sheet and P&L