Is a statement required when entering information for a proposal?
A statement is not required but it is highly encouraged. There are several factors that go into how we price a merchant. We have to consider the industry of the business, the mix of card types that they accept and the size of the transactions they accepts. The merchant statement helps us answer these questions. If for some reason a merchant cannot or will not provide a merchant statement, we will quote the best we can based off of our discovery call with the customer.