When applying for a credit facility, we need to specify the expected or required monthly volume of gross credit card sales. It is important to note that this number can be increased if needed. The bank will provide a limited credit facility to merchants, and they will try to determine your needs and grow with you accordingly. The credit facility is shared among multiple merchants, so it is essential to use it wisely.

It’s important to understand that the bank is taking a risk when they fund your account to accept payments. When a customer uses their card for payment, you, as the merchant, receive the funds instantly. However, the sponsoring bank pays you right away, hoping there won’t be any issues with the transaction. The bank is ultimately taking a chance on your transactions, so they must carefully assess the risk associated with each account.

Banks usually require a chargeback ratio of under 3% when applying for a merchant account. They may be more lenient if you have a long-standing history with the bank and are already processing payments with them. However, the bank may terminate your account if you exceed the chargeback threshold in any given month.

Unity Payments accepts all primary payment methods, including credit cards, debit cards, online payments, mobile payments, ACH transfers, eChecks, and cryptocurrency, and offers zero-cost processing solutions. We aim to provide a seamless and comprehensive payment experience for our users, allowing them to choose the payment method that suits them best.

Funds from transactions are typically deposited into your linked bank account within 3-5 business days. This timeframe allows for processing and verification of the transaction to ensure security and accuracy.

Yes, customer support is available if you have any issues with Unity Payments. Contact us at info@unitypayments.io

Unity Payments employs industry-leading security measures to protect your transactions. We use advanced encryption protocols to safeguard your data during transmission. Additionally, we comply with all relevant security standards and regulations to ensure your payments are processed securely. Our system also includes fraud detection and prevention tools to help protect against unauthorized transactions.

Unity Payments can be seamlessly integrated with your existing website or POS system. Our integration options are flexible and designed to work smoothly with your current setup, ensuring a hassle-free payment experience for you and your customers.

When a customer uses a card to pay with a merchant, the payment is made instantly. However, the sponsoring bank immediately pays the merchant and takes on the risk associated with each account. This is because the sponsoring bank funds the merchant and hopes there won’t be any issues with the transaction. Therefore, the bank is the one taking a risk on the transactions made by the merchant.

Consider this analogy: a speeding ticket. If you exceed the limit a bit, you might get away with it, but if you go way over, you will face the consequences. Similarly, if you request a monthly volume slightly higher than what you need, the charges will go through, but you might end up with excess funds being held for a brief period. That’s why adding a buffer to your initial volume request is crucial to avoid any potential issues.

Bank statements are a prerequisite for underwriting in all banks. These statements provide prospective merchants with a comprehensive overview of their financial status. Primarily, banks assess the presence of prior processing, which is indicated by deposits recorded in the account. While prior processing is acceptable, financial institutions scrutinize all statements from a risk management perspective to evaluate refunds or chargebacks. Furthermore, banks review the average ending balance to ensure the merchant adequately covers all monthly fees. Additionally, this balance helps to validate the requested monthly volume.

Unity Payments has an open policy, allowing businesses from various industries, including adult stores, to use its services without restrictions. It’s important to note that while Unity Payments may accept businesses from these industries, individual countries or regions might have regulations or restrictions on certain types of companies, including those in the adult industry. It’s always wise for businesses to verify local laws and regulations before proceeding.

Yes, your personal and financial information is stored securely when making a payment through Unity Payments. Security measures such as encryption and tokenization are commonly used to protect sensitive information during transactions. However, verifying the specific security measures with Unity Payments is always a good idea to ensure your data is protected.

N/A

Ensuring that the information you provide is accurate is crucial. Please enter your first and last name exactly as it appears on your government-issued identification. Doing so will help us ensure we provide you with the best possible service.