AccuPay Application - What to Expect

Summary: While applying for AccuPay companies will be required to produce documentation and certain paperwork for approval. This article will help you to understand what paperwork is needed prior to beginning your application.

Documents needed for approval: 

• Proof that business has been operational for at least 1 year
  • Evidence must be provided (Articles of incorporation or similar) 
  • Exceptions may be made for businesses that can provide evidence of strong financial solvency
• Bank Statements (3 months) 
  • Provide for either the business or the owner(s)
• Financial Statements
  • Financials (P&L, Balance Sheet, Income, etc.) 

The risk department of Payrix requires these documents to evaluate approval basis

Steps: 

1.) Once you have chosen to apply to AccuPay for financing options, you will be redirected away from the AccuLynx website to our partner { } Payrix. Click continue. 

2.) Confirm that you meet the requirements outlined by Payrix for application by selecting the box and clicking "Begin Application" 

3.) Complete the Payrix merchant application: 

• Choose the account type
  • Personal- Sole Proprietor
  • Business 
  • Organization
• Complete all required fields. *Note* any missing required fields will prevent the application from moving forward to the next step
  • Owner's Information
  • Company information: *Note* A physical address is needed on your application. P.O. boxes will not be accepted.  
  • Banking Information - This account is where funds will be deposited. 

4.) Attach all required documents 

5.) Submit application

Please note: Approval may take up to two business days once ALL required and correct documentation has been attached. Once approved, the add-on will automatically be enabled. 

Admins will receive an email notification that this approval has been granted.