Application Checklist

Thank you for applying with TechForce Technology Card Services!

To expedite the processing of your application, please review the following list of requirements to ensure that you have the required information to complete your application.

If you are applying for a monthly processing line of $50,000 or less, please provide the following support documentation:

• Your application is completed and signed;
• You included a copy of your driver's license;
• You included a voided check for the account into which you would like your funds deposited;
• You included three months of merchant processing statements, if applicable.(If you have never accepted credit cards before you may disregard this;)
• You included a check, made out to TechForce Technology Card Services, for the application fee.

If you are applying for a monthly processing line of more than $50,000 provide the following support documentation:

You included all items in the checklist above;

• You included the last two years of business financial statements (balance sheet and profit/loss statements).
• Make sure the statements are signed and dated, and that the most current is within the last 90 days;
• You included a current personal financial statement, signed and dated, for each principal applying;<
• You included the last three months of your merchant business banking statements, if available.

If you are applying for a monthly processing line of more than $100,000 please make sure that, in addition to all items in both checklists above, you include the following support documentation:

You included the last two years of business income tax returns.

• Make sure the returns are signed and dated;
• You included the last two years of personal income tax returns for each principal applying. Make sure that the returns are signed and dated.

Thank you! Submission of all required documentation with your application will help us to expedite your account creation. If you have any questions, please call us at 1.888.704.6751.

Merchant Agreement

This form provides you with your rights and responsibilities as a merchant processing credit card transactions and using services provided by TechForce Technology. The form also specifies the various terms and conditions under which you will utilize your Merchant Account once you are approved

Mail Order / Telephone Order(MO/TO)

The credit card transactions conducted by Businesses that are exclusively or primarily based on sales conducted by mail order or telephone order are considered higher risk transactions. Businesses meeting these criteria are required to submit additional information.

Please complete this form and submit it with your Merchant Application and your Merchant Agreement.

Benefits of Credit Cards

Credit cards are an expected part of doing business.

Customers, especially online customers, expect to be able to pay for their purchases with a credit card, within seconds, or they will take their business elsewhere.

Consumer spending on the Internet is exploding, and these consumers use credit cards.

Studies have shown that the volume of purchases made on the Internet or through other forms of electronic commerce will continue to increase. The projections are for massive and exponential growth as far out as anyone can see.

80% of consumers have indicated that their preferred payment method for making online purchases was with a credit card.

It couldn't be clearer. If you are involved in electronic commerce, you MUST offer your customers a way to purchase your products or services using credit cards.

• Still not convinced you should be accepting credit cards? Then consider the following:
• You'll give your company instant credibility with the majority of consumers.
• You'll enhance your reputation for customer service and convenience.
• You see more full orders and, ultimately, dramatically increased profits
• You'll substantially reduce your overhead costs and miscellaneous expenses.
• You'll increase the working capital that you have available.
• You'll stop losing those profitable, spur-of-the-moment impulse sales.
• You'll reduce the hassle of recovering lost revenue from bounced checks.

Glossary

ACH (Automated Clearing House)

A method of electronic payment typically used to process a group of transactions that are each for relatively small amounts. ACH transactions function like "electronic checks" that are settled (paid) within one or two business days using procedures that are similar to the way that paper checks are settled.

Acquiring Bank

A financial institution that provides credit card processing accounts for merchants. Also referred to as a merchant bank or an acquirer, the bank receives funds from a cardholder when a credit card transaction is completed, and then deposits the payment amount, less any fees, into the merchant's business checking account.

AVS (Address Verification System)

A fraud prevention feature built into most credit card transaction processing equipment that runs an automatic check in order to verify that the billing address given by the customer matches the billing address for the credit card that is presented for payment.

Bankcard

A piece of plastic with a magnetic strip, more commonly known as a "credit card", that is used by the holder to leverage a pre-established line of credit with a bank, and is widely accepted as payment for goods and services by merchants operating under a standard set of rules for the authorization of its use and for the settlement of all transactions.

Batch

A merchant's collection of credit card transactions over a period of time, usually one full day, that are saved for submission to the acquiring bank all at once, usually at the end of each day. Batch fees are charged by acquiring banks as a way of encouraging merchants to submit transactions in a group, rather than one at a time throughout the day.

Batch Close

The process by which a merchant gathers all of the credit card transactions that have occurred over a specified period of time, usually one full day, and submits them to the financial institution acting as the acquiring bank for settlement.

Capture

The submission of a customer's credit card transaction information to the merchant account provider

Transaction Processing

As indicated on our merchant services page, in order to accept credit cards over the Internet, you will need two things:

• A merchant account to settle your credit card transactions,
• A transaction processor to move the credit card transaction to its settlement stage.

Depending on the number of transactions in your processing forecast, and the method you prefer to use, we will provide you with several options. We work with the largest and most dependable processors in the industry. Call us at 1.888.704.6751 or email with any questions. merchant.apps@tf-technology.com

Debit Card Program

We are pleased to offer our merchants an additional way to accept payments for their goods and services -- the TechForce Technology Debit Card Program.

By taking advantage of this program, TechForce Technology merchants can provide their customers with a simple and convenient way to pay for purchases, even the customers that don't have a credit card. Debit cards work like instant checks, deducting available funds immediately from the cardholder's checking or savings account. They provide consumers with all of the advantages of a credit card (convenience, worldwide acceptance and security) and none of the perceived hassles (paying bills, aggressive late fees and punitive interest rates).

And several recent studies have shown that the future for these types of cards looks promising. Industry analysts have forecast that debit card purchases could total in excess of $1 trillion in the U.S. alone within the next few years, and that their usage will probably grow much faster than either credit cards or ATM cards did in years past.

With more than 200 million Americans expected to carry debit cards by the end of next year, debit cards are an expected way of doing business.

It makes sense, its affordable and it's easy to get going. Once you've been set up with a merchant account for processing credit card payments, just give us a call at 1. 888-704.6751 and let us know you want this important program added to your account profile.

Checking

Increase Profitability & Reduce Risk

Reach customers that don't have a credit card with an electronic check application. Once you have completed our no obligation, online application, a representative will contact you to discuss how easy and affordable it is to accept checks.