Follow the step-by-step instructions below to complete the application. Once your application has been approved, you will be contacted by one of our Senior Consultants and an appointment will be scheduled to complete the installation and training. The standard approval timeframe is 24 hours.
Download and print the Application Checklist. The Application Checklist will provide you with a list of supporting documents required to obtain a merchant account.
Please skip to step 3 unless you are unable to provide a business check from the account where the funds from credit card transactions will be deposited. If your business is new, your company recently changed banks, or your company utilized a special bank account for credit card transactions, you may not have a business check. Download the Bank Letter, have your bank fill in the required fields, and print the letter on bank letterhead.
Download and print the Velocity Processing Application and complete both pages to the best of your ability. Here you will provide information about the business and the owner. For questions regarding the application, please contact the Senior Consultant assisting you with your account at 305-917-7000. Please note that the owner / business principal must provide their social security number (SSN) for underwriting purposes, even if the business is incorporated. Company financials or a Dunn & Bradstreet (D&B) number may be substituted for a social security number.
Download and print the Signature Page. The Signature Page requires two signatures. The first signature is located under "Client's Business Principal / Officer:", and the second signature is located under "Personal Guarantee".
Download and print the Confirmation Page. The Confirmation Page confirms that you have received a copy of the FDMS Program Guide (located below). The Confirmation Page requires one signature under "Client's Business Principal:" at the bottom of the page.
The Merchant Services Program Guide contains the rules and regulations of Visa and MasterCard and the acquiring banks. It is not necessary to to print the Merchant Services Program Guide as a hard copy will be mailed to your office upon the approval of your merchant account.
Download and print the Electronic Payment Authorization form. This form allows Velocity Processing to electronically debit your bank account for products purchased and / or services rendered. For questions regarding specific fees, please contact the Senior Consultant assisting you with your account at 305-917-7000. The Electronic Payment Authorization form requires two signatures. The first signature is located under the "Payment Policy" section and the second signature is located under the "Client Confirmation" section.
Submit your application to Velocity Processing using one of the following four (4) methods:
1. Fax your merchant application, appropriate forms, and all related documentation to our office at 305-405-2000.
2. Scan your merchant application, appropriate forms, and all related documentation as a PDF and e-mail to applications@velocityprocessing.com
3. Mail your merchant application, appropriate forms, and all related documentation to:
New Applications Department
19495 Biscayne Blvd.
Suite 609
Aventura, FL 33180
4. Contact the Senior Consultant assisting you with your account and they will pick up the application.
You have completed the application process. You will be notified once the merchant account has been approved and an appointment will be scheduled to complete the installation and training.
Still have questions?
Call us at 305-917-7000.