commerce with compassion
There’s a lot going on, but we make it easy.
Since Dharma offers the American Express OptBlue program, we are happy to report that all American Express charges will report on your statement, just like Visa/Mastercard charges. Your bank account will be funded for American Express sales just like Visa/Mastercard sales, on the same funding schedule. Although the fee structure is slightly different for Amex sales, …
It depends on many factors. We have plenty of merchants who have had bankruptcies and were able to open accounts without issue. But there are other times when a bankruptcy may prevent us from moving forward. Typically, the more recent the bankruptcy the more problematic it will be. We may have additional documentation requests such …
A personal guaranty is part of our agreement stating that in the event that the business is unable to pay for merchant services fees, that you as an individual will compensate us instead. It’s quite rare that a personal guaranty is enacted, but it is put into place to protect Dharma and our processing bank …
The answer to this question depends on what type of business/organization you represent: Nonprofits: Any member of the organization who is authorized to act on behalf of the organization. Typically, we’ll want to have an Executive Director, Treasurer, or Senior Board member signing. Signers of nonprofit applications will not be signing a personal guaranty, but will be …
Yes, you will. As a financial institution, we’re required per the Patriot Act to verify the identity of any individual opening a new merchant account. You can read through the requirements here. This applies to nonprofits as well, although we do not require a personal guaranty for nonprofit signers.
Yes, you certainly can. We are happy to assist with the setup of your merchant account. In the interest of full disclosure, this is why many new merchants opt not to sign up with a full-service MSP like Dharma: If your anticipated sales volume is relatively low (under $10,000/month, and in particular, under $3,000/month) then …
Dharma is proud to report that our merchant accounts have no long-term commitments. When you sign up for a new account with Dharma, you’re free to exit our relationship at any point in time, for any reason. We have a $25 closure processing fee for all permanent account closures, and no closure/re-activation fees for seasonal merchants. That means …
In order to open an account at Dharma, it is required that the business or organization be registered in the United States. We’ll require you to furnish documentation showing your organization’s legal registration with the US government. However, it is perfectly OK if the owner of the organization is from another country. We may request …
Dharma does not build websites, so we won’t be able to offer that service to you. However, we do offer a few solutions that may meet your needs perfectly: All Dharma accounts come with access to MX Merchant, which allows you to create quick, online payment buttons to sell one or two products or take donations …
Click the Get Started Now button to get the ball rolling.
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