Funds are electronically settled within two business days. Some high-risk businesses may have different settlement options. Credit checks are required by Visa and MasterCard and are necessary to determine if the business owners are financially sound. NOVA extends virtually unlimited lines of credit when a merchant account is set up.
Financial stability is the most critical component of the approval process.
It takes approximately eight to 10 business days to get set up, depending on the type of processing you do. The detail of your fees will appear on your merchant statement that would be received the first full business week of the month following the activity. You can accept Visa, MasterCard, American Express, Discover, Diners Club, JCB and Debit cards. NOVA can set you up on Visa, MasterCard, American Express, and Debit cards. The other card types will require you to enter into a contract with the appropriate group.