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Page 1 of 4SubMerchant Processing Agreement Sales Office Name: EpicPaySales Rep Name: NuverbSales Office ID:Sales Rep ID:04960496BUSINESS INFORMATION Legal Business Name:Doing Business As:Business
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How to fill out sub-merchant processing agreement

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How to fill out sub-merchant processing agreement

01
To fill out the sub-merchant processing agreement, you can follow the steps below:
02
Obtain a copy of the agreement from your payment processor or acquiring bank.
03
Read through the agreement carefully to understand the terms and conditions.
04
Provide your business information, such as the legal name, address, and contact details.
05
Specify the type of business you operate and provide necessary supporting documentation.
06
Fill in the financial information, including bank account details for settlements.
07
Review and agree to any additional provisions, such as pricing, fees, and dispute resolution.
08
Sign the agreement and submit it to your payment processor or acquiring bank for processing.

Who needs sub-merchant processing agreement?

01
Any business that wishes to accept credit card payments and wants to use a payment processor or acquiring bank to handle the transactions would need to have a sub-merchant processing agreement.
02
This agreement ensures that both the merchant and the payment processor understand their rights, responsibilities, and obligations in the payment processing relationship.
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It is an agreement between a merchant and a payment processor outlining the terms of processing payments for sub-merchants.
Merchants who use sub-merchants to process payments are required to file the agreement.
The agreement can be filled out by including the necessary information about the sub-merchant's payment processing activities and agreeing on terms with the payment processor.
The purpose is to establish the responsibilities and obligations of both the merchant and the sub-merchant when it comes to processing payments.
Information such as the sub-merchant's contact information, payment processing activities, fees, and terms of the agreement must be reported.
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