The card associations (Visa, MasterCard, American Express, and Discover) require certain documents in order to complete the underwriting process.
Business Financials can be your most recent tax return, audited 3rd party financials, or internal financials from your accounting system. For most approvals, this requirement can be satisfied with a 12-month rolling Balance Sheet and a 12-month rolling Profit & Loss Statement.
The zero cost processing addendum is only required if you are using our CardX platform to pass the credit card processing fees to your customers during the transaction.
Velocity Processing is a registered Independent Sales Organization (ISO) / Member Service Provider (MSP) of Elavon, Inc. Georgia, a wholly owned subsidiary of U.S. Bancorp, Minneapolis, MN. Elavon has been processing electronic payments for 37 years and maintains an "A+" rating with the Better Business Bureau.