Filling out the Payrix MID (Merchant ID) Application form doesn’t have to be complicated. Follow this simple step-by-step guide to complete the form quickly and accurately, so your application gets approved without delay.
You’ll receive an email from supportna@apxium.comwith the subject line “Payrix Merchant Application.”
This email will contain a secure link to complete your next steps. Please check your inbox (and spam/junk folder), and let us know if you don’t receive it.
1. Business Information
The initial section of the Merchant Signup Form requests details about the merchant’s business, including business type, industry classification, and registered business address. It also gathers relevant processing information, such as estimated annual processing volume and the average value of individual transactions.
2. Ownership Information
The Owners section requests information regarding the stakeholders or owner associated with the merchant’s business, including their email address, mailing address, phone number, and date of birth. Additionally, the merchant sets the username and password for the primary owner’s user account, which will serve as as the primary parent user login for accessing the Merchant entity within the Payrix Pro Portal.
If the Partners have equal ownership, the Managing Partner may represent the firm. In this case, no further ownership details are needed.
3. Bank Account Information
The Bank Account section requires merchants to provide their bank account details for transaction processing. This includes supplying the routing number, account number, and account type, either via secure Plaid integration or through manual entry.
Using Plaid, merchants can securely access their online banking account to link it directly with Payrix Pro. This streamlined process minimises manual entry errors and provides real-time account validation, helping to prevent funding issues once payment processing begins.
4. Legal Compliance Agreements
The final section of the Merchant Signup Form requires merchants to review and acknowledge the terms, conditions, and disclosures. This section also enables merchants to provide required signatures or submit supporting documents as needed.
Keep an eye on your inbox — we will follow up if Payrix needs any additional documents or to share the good news once your application is approved!