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%
Multi-Level Marketing
MCC: 5964, 5968
Acceptable
Tangible products
Any product that is not prohibited
Requirements
- Executive summary (to include number of resellers added yearly)
- Legal Opinion Letter
- Compensation Plan/Payout structure (if not present on website)
- Reserve
- Login Credentials for online customer portal
- Call scripts if MOTO
- Fulfillment Agreement (if applicable)
- Product Manufacturer
>$100k monthly volume additional requirements
- Previous 2 years business tax returns or audited financials
- YTD balance sheet and P&L
- 3 months most recent processing statements