Complete an application for a merchant account
Apply for a Versapay merchant account from QuickStart when your company needs to accept online payments through NetSuite Pay. You must complete the application in one session because progress cannot be saved. Open Menu > Sales > Settings > Payments > Payment providers.
Before you begin
NetSuite Pay must be provisioned for the account, and you need access to Sales > Settings > Payments > Payment providers. Have the following company and owner information available:
- Legal business and address information
- Business email and contact information
- Industry and sector
- Business and owner tax IDs
- Names, addresses, and individual tax IDs for people who own 25% or more of a nonpublic business
- Expected payment processing volume and transaction activity
- Bank routing and account information for the settlement account
The application typically takes approximately 15–20 minutes when the required information is available. Personal information is required by applicable FINCEN and card-brand rules.
To complete an application for a merchant account
- Open Menu > Sales > Settings > Payments > Payment providers.
- Select Apply.
- Complete Company information, including the required business, address, contact, industry, and sector information, and then select Next.
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Complete Ownership information and then select Next.
The primary signatory contact is notified if the application requires more information.
- Complete Financial information, including transaction activity, the expected method of accepting payments, and the settlement account, and then select Next.
- In Review and submit application, verify the information and select Submit.
Versapay sends the application decision by email. The initial review is estimated to take two business days. Additional documentation can extend the review. If you do not receive a status update within five business days, contact QuickStart Support.
You cannot edit a submitted application in QuickStart. Contact QuickStart Support when submitted information must be changed.