Skip to content
Dharma Merchant Services

commerce with compassion

  • Pricing
  • Support
  • FAQ
  • Sign Up

What documents will Dharma ask for?

  • FAQs
  • What documents will Dharma ask for?

When opening a new account, there are few documents we’ll always need:

  1. Voided Check, or proof of your bank account in the form of a bank letter, signed by your bank representative.
  2. Proof of your legal entity, typically in the form of an IRS letter or any other document showing your EIN or Taxpayer ID number

If you’re already accepting credit cards, we’ll also require three months of current processing statements for our review. If you have the need to accept large-ticket orders (over $1,000) then please also be ready to provide statements that indicate transactions of this value, or past invoices reflective of those volumes.

Depending on the nature of your business, it’s possible that our underwriters may have additional documentation requests. They’re not as common, but we may request to see bank statements, tax returns, financial documents, or business contracts to verify or confirm certain information. Because credit card processing is essentially a service of micro-loans, our underwriters will want to ensure that all new accounts meet their internal risk requirements and don’t pose any future concerns. We’ll certainly let you know if and when our underwriters have additional documentation requests.

Return to

  • Knowledge Base
  • Support

About Us

  • What We Do
  • Our Team
  • Giving Back
  • Nonprofit Solutions
  • Sustainability
  • Partners
  • Testimonials
  • Press & Awards

Pricing

  • Virtual Rates
  • Storefront Rates
  • Restaurant Rates

New Merchants

  • Top Reasons
  • Get Started
  • Estimate Your Costs
  • Small Business Services

Merchant Solutions

  • Virtual Solutions
  • Storefront Solutions
  • Restaurant Solutions
  • Customer Support
  • Knowledge Base
  • Privacy Policy
  • Contact Us
  • Blog
Dharma Merchant Services
500 W. 8th St | Suite 270
Vancouver, WA 98660

866-615-5157
sales@dharmams.com
support@dharmams.com

BCorp_white@2x  imgres-1AAA_logo

Dharma Merchant Services is a registered ISO/MSP of Synovus Bank, Columbus, GA
Copyright ©2017 Dharma Merchant Services.
Finding what you need?

Would you like a free cost comparison and consultation?

Get Started

 

Presidents Day

Please be aware that Dharma Merchant Services will be closed for Presidents Day on Monday, February 18th. Please feel free to submit an inquiry and we’ll reach out on Tuesday the 19th! Have a wonderful holiday.