What criteria are considered when approving a Line of Credit?

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• Who is eligible to apply for the Line of Credit?

  The users who have verified bank accounts using the instant verification method completing KYC and KYB can apply for the Line of Credit.

• How do you apply for a Line of Credit?

  Log in to Online Check Writer and go to Line of Credit. Click Get Started and Continue. Select the business. Choose the bank account verified with the instant verification method or add new bank. Click Apply Now to apply for the Line of Credit. Users ...

• Can a user who has manually verified bank accounts, KYC, and KYB apply for the Line of Credit?

  No, the users who have verified bank accounts using the instant verification method completing KYC and KYB can apply for the Line of Credit.

• What is the credit card processing fee?

  From Credit Card to ACH Pay by credit card processing fee is 2.95%+$0.2 per transaction. From Credit Card to Wire Transfer Pay by credit card processing fee is 2.95%+$10 per transaction.

• What if my vendor doesn't accept credit cards?

  Online Check Writer provides the Pay by Credit Card feature, enabling customers to pay any recipient, even if they don't accept credit cards. The recipient can receive the funds through checks, virtual card, wire transfers, or ACH, all without ...