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Breaking Down the Merchant Onboarding Process

In the traditional world of payment processing, a salesperson might go directly to merchant locations, applications in hand, seeking to sign up new customers. If they were successful, the process to onboard that customer could take weeks while the merchant completed and submitted a lengthy application, the payment provider completed underwriting, and payment devices were delivered to the merchant and set up.

Technology

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Square Launches QR Code Self-Serve Ordering for Its Restaurant Sellers

Square has introduced a new QR code-based feature that enables customers to place their own orders using their mobile devices. The new feature for Square Online sellers enables restaurants to limit contact between customers and staff, a particular concern for many businesses during the pandemic.

Underwriting

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Breaking Down the Merchant Onboarding Process

In the traditional world of payment processing, a salesperson might go directly to merchant locations, applications in hand, seeking to sign up new customers. If they were successful, the process to onboard that customer could take weeks while the merchant completed and submitted a lengthy application, the payment provider completed underwriting, and payment devices were delivered to the merchant and set up.

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