How do you apply for a merchant account?

Applying for a ASAP Payment merchant account is as easy as completing our online request for a free quote. We only request crucial information, to keep the process quick and painless.

Can I skip ahead and get pre-approved?

Absolutely, we want to make it easy for you to start benefiting from making the switch to ASAP Payments. You can submit your application here.

Can I be approved for a merchant account if I have a low credit score?

ASAP Payments has a very high approval rate that considers a number of factors, not just your credit score. 

How do I operate my credit card terminal?

Our team of Payment Specialists will guide you through each step of the process. Additionally, if you ever have any questions, we’ll be happy to help you.

Are you able to help me integrate a payment solution into my website?

Absolutely. Once you have been onboarded, your Payment Specialist will guide you through the implementation process. 

What types of businesses does ASAP Payments support?

We offer services for all types of businesses, including Restaurants, Retail, Phone / Mail Order, E-Commerce, and even High-Risk Processing. Contact our team of Payment Specialists to learn more. 

How quickly can I start accepting my customers’ credit cards?

Depending on the business, we are able to approve in as little time as a couple of hours!

What is the best payment solution or terminal for my business?

Once our Payment Specialists learn a little more about your business, they will craft a personalized recommendation of which payment solution and terminal will best suit your needs.

Can I view my statements online?

Of Course! You will be able to view your account activity and monthly statements online. We’ll also provide instructions on how to access your account. We are all about making things easier for our clients. 

When are my transactions deposited into my account?

Your disbursed transactions will depend on when the transaction settled. If your transaction is settled by 8:30 pm EST, we offer the ability to receive those funds on the next business day. Our standard program will instead fund your account within two (2) business days.

When will my monthly fees be charged to me?

Any interchange fees and/or percentage rates on your transactions will be deducted within your daily batches. All transaction fees, along with your monthly charges, will be debited from your account between the 5th and 7th of every month.

What are the steps for updating my checking account?

Please contact our Payment Specialists, and we will help you update your account information.

What is Interchange?

Interchange is a fee paid by payment processors to card-issuing banks every time a payment card transaction takes place. The interchange fee covers the cost of processing the transaction and the risk associated with the transaction.

Interchange fees are set by the payment card networks (such as Visa, Mastercard, and American Express) and vary based on various factors, including the type of card, the merchant's industry, the transaction amount, and the region where the transaction takes place. 

What does PCI compliance mean?

PCI compliance refers to the adherence to the Payment Card Industry Data Security Standards (PCI DSS), a set of security standards established by major payment card networks, including Visa, Mastercard, American Express, Discover, and JCB.

PCI DSS sets forth a comprehensive framework of security requirements for all entities that store, process, or transmit cardholder data. The goal of PCI DSS is to protect payment card data and prevent data breaches by ensuring that merchants, payment processors, and other entities maintain robust security measures and practices.

What are the requirements for PCI compliance?

The PCI DSS requirements cover a wide range of security measures, including network security, access control, vulnerability management, data protection, and monitoring and testing. The exact requirements vary depending on the level of card processing activity and the specific payment card network requirements.

Merchants and other entities that process payment card transactions must comply with the PCI DSS requirements, which involve regular assessments and audits to ensure that their security measures are adequate and up to date. Failure to comply with PCI DSS can result in fines, legal liabilities, and damage to a merchant's reputation.

Do I still need to be PCI compliant if I only process credit cards a few months out of the year?

Yes, even if you only process credit cards a few months out of the year, you still need to be PCI compliant. PCI DSS applies to all merchants that accept payment cards, regardless of the volume of transactions or the frequency of card processing.

What are PCI non-compliance fees?

PCI non-compliance fees are fees imposed by payment card networks (such as Visa, Mastercard, and American Express) on merchants who fail to comply with the Payment Card Industry Data Security Standards (PCI DSS). 

If I already have a “PCI compliant” processing solution or terminal, why do I have to become PCI compliant?  

If you are using a "PCI compliant" processing solution or terminal, it means that the solution or terminal has been certified by the Payment Card Industry Security Standards Council (PCI SSC) as meeting certain security requirements. However, it doesn't necessarily mean that your entire payment processing system is fully PCI compliant.

PCI DSS is a comprehensive set of security standards that covers all aspects of payment card data processing, storage, and transmission, including your network, software applications, and business processes. Even if you are using a PCI compliant processing solution or terminal, you may still have vulnerabilities in other areas of your payment processing system that need to be addressed to ensure that you are fully PCI compliant.

Furthermore, PCI compliance is not a one-time event but an ongoing process that requires regular monitoring, testing, and updating of security measures. Therefore, even if you are currently PCI compliant, you still need to maintain your compliance and undergo regular assessments and audits to ensure that you remain compliant.

Will I receive confirmation, once I become PCI compliant?

Yes, you will receive a certificate that you have become PCI compliant once you have completed the necessary steps and requirements for compliance. You’ll also be provided with a logo that can be displayed on your site if you choose to do so.