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Merchant Account Requirements
Everything you need to open a secure, PCI‑compliant low rate merchant account with Centaurus Merchant Services.
If you're a new business that has never accepted credit cards, our standard low rates for merchant services are: 0.20% + $0.15 Per Transaction + Other Standard Fees..
Core Documents needed to open a Merchant Account (All Businesses)
- Government‑issued Photo ID (Driver’s License or Passport)
- Voided Check (or bank letter with routing & account numbers)
- Social Security # (and EIN if applicable)
- Business License (if required in your jurisdiction)
- Recent Merchant Processing Statement (if already accepting credit cards - Required!)
- Recent FNS Letter (Required if available)
- Recent Utility Bill (EBT Clients Only)
New Businesses (In Addition to Core Documents)
- Articles of Incorporation / LLC Certificate
- Signed Lease Agreement (or proof of physical location)
Food Stores Accepting EBT / SNAP
- FNS Number and USDA Approval Letter for EACH LOCATION
Important: Due to a rise in EBT / SNAP fraud, all food stores must also provide a valid Photo ID, a copy of their Lease Agreement and/or Utility Bill, and the most recent Bank Statements.
Important Notice: A Merchant Statement Required if you are already accepting credit cards!
English:
If you are currently accepting credit card payments and fail to provide a Merchant Statement, your merchant account may be subject to suspension, frozen funds, or termination. Additionally, your FNS number must not be associated with any other merchant account. Each business location is required to have its own unique FNS number to remain compliant.
Español:
Si actualmente acepta pagos con tarjeta de crédito y no proporciona un estado de cuenta del comerciante, su cuenta puede estar sujeta a suspensión, congelación de fondos o cancelación. Además, su número FNS no debe estar asociado con ninguna otra cuenta de comerciante. Cada ubicación comercial debe tener su propio número FNS único para cumplir con los requisitos.
- Ensures correct MCC, Merchant ID (MID), card‑brand routing, and EBT processor mapping.
- Allows us to verify chargeback and deposit patterns to avoid funding holds.
- Prevents hidden fees or rate‑creep when migrating transaction data.
Failure to supply a statement may result in : account termination after boarding, frozen settlement funds, delayed EBT activation, or additional risk reviews by our sponsor banks.