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As you initially begin submitting your clients to Payrix via one of the onboarding methods detailed below, your client’s account will immediately be created in Payrix, but their Boarding Status will be set to Not Ready. Practically, when your client’s account is created in Payrix they can access the Portal, update their user settings, and configure most elements of their account, but are will not be able to process any payments or transactions immediately.
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Once approved, all new merchant accounts you submit to Payrix will qualify for our instant verification process and you will receive a Boarding Statusresponse Status response within 30 seconds of the merchant submission. Our innovative automated underwriting solution validates your client’s merchant account almost instantaneously, and based on the information they submitted their account may be eligible for immediate approval (Successfully Boarded) to process payments as they sign up.
Please Note: Qualifying for automated underwriting does not guarantee that your client’s merchant account will be instantly approved. If certain elements of your client’s account are flagged during the automated underwriting process their Boarding Statuswill Status will instantly change to Not Ready, and the Payrix Underwriting team will contact you directly if any follow-up or additional information is required.