Wednesday, 16 April 2014

There are two types of approval guidelines:

Type 1: TMS Auto-Approval
If you meet our Auto-Approval Guidelines noted below, it means that you will be approved regardless of the owner's personal credit history.

The only exceptions are for merchants in a current bankruptcy that has not been discharged for a minimum of six months, for merchants on Visa/MC's CTMF File, and for merchant applications that have falsified or fictitious information.

LEVEL 1 (Retail)
Description :

  • 90%+ Card Swiped
  • Future Service Liability Less Than 30 Days*
  • Acceptable Type of Business
Description for TMS Auto Approval
  • Visa/MC Monthly Volume Less Than $200K
  • Average Ticket Less Than $300
  • Future Service Liability Less Than 30 Days*
  • Acceptable Type Of Business

LEVEL 2 (Retail/Service/Trade Show)
Description:

  • Less Than 90% Card Swiped
  • Future Service Liability Less Than 30 Days*
  • Acceptable Type of Business
Description for TMS Auto Approval
  • Visa/MC Monthly Volume Less Than $10K
  • Average Ticket Less Than $300
  • Future Service Liability Less Than 30 Days*
  • Acceptable Type Of Business

Type 2: TMS Approval
If you do not meet the Auto-Approval Guidelines, you can still get approved! Your application will simply need to be supported by any one of the following:

  1. Owner with a good, established personal credit history
  2. Business or personal financial statements or tax returns
  3. Current credit card processing statements