Underwriting Method For Doctor Credit Card Processing
The method of approval for doctor credit card processing account simple. The PSP will ask the doctor or the medical office to submit a merchant account application form. With the form, the doctor will also have to provide few documents. These are the KYC documents also known as Know your customer documents. After the submission of the papers and the form, it may take two business days to get Pre-Approval. The underwriters may ask for more documents. In rare cases, applications for doctor credit card processing account may get rejected. The approval ratio for merchants from the healthcare industry is high.