As you onboard new Merchants, it is important to note that you are simultaneously triggering a two-step process:
Step 1 - A new Merchant entity is created within the Payrix API and platform.
Step 2 - The Merchant’s application is submitted to the Payrix Underwriting team for review and approval. Upon underwriting approval, a Merchant will be able to begin processing payments.
Because we realize that simplicity and quick access can be important priorities for you and your Merchants, we are committed to providing instant approval for the majority of new accounts most of our clients submit to Payrix. You can find additional information about the underwriting process and the various customizations we offer on these pages: