Submit the application for review
To expedite the merchant application underwriting process it is recommended to include the Bank or Processing Statement (3 Months of Statements) if the merchant meets any of these criteria:
fld_average_ticket ≥ 1000fld_high_ticket ≥ 2500
When an application is successfully submitted its status will always be submitted.
In the Sandbox environment, when an application status will be automatically updated based on the monthly volume field (fld_monthly_volume).
The system will send one of the following webhook events and update the application status accordingly using the following conditions:
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Pending
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Webhook event:
application.updated.data.requested -
Monthly volume is greater than or equal to $100,000
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Approved
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Webhook event:
application.approved -
Monthly volume is between $5,000 and $99,999
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Declined
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Webhook event:
application.declined -
Monthly volume is less than $5,000
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