Square’s deadlines start October 15. We’re built to keep you processing.
Bankful underwrites regulated categories on purpose. Specialist review, plain-language terms, and a new processor live before your cutoff.
What Square announced: merchants must remove affected products by October 15, and some accounts close November 5. Square’s own notice to you sets your exact date.
Who qualifies
We underwrite regulated categories on purpose — which means real criteria, not a rubber stamp. Here’s how to tell quickly whether we’re a fit.
You’re likely a fit if you:
- Sell online through your own store (Shopify, WooCommerce, BigCommerce, Wix, or Magento)
- Operate a registered US business
- Have current third-party lab reports (Certificates of Analysis) for every product, showing they meet federal limits
- Can share your last three months of processing statements
- Run a store with clear terms, refund, and privacy policies — and no health or medical claims
We’re not the right fit if:
- You sell in person only — Bankful supports online and e-commerce payments.
- Your products don’t have lab documentation.
Why choose Bankful?
Built for what you sell
Some processors take businesses like yours until an automated review or new legal moves change their mind — then freeze the account and hold the funds. We were built the other way: specialist, human underwriting for categories other processors walk away from.
The whole stack, one pack
Card processing, recurring billing, subscriptions, wallets, and disputes — one checkout, one contract, one team. Chargebacks handled, built in. No stitching five vendors together while your clock runs.
A team that knows your setup
15 years underwriting the categories banks avoid. The same specialists stay on your account and tell you straight what they need so no one is stuck waiting on a missing file.
What to have ready
Having your file ready is the single biggest thing that speeds up a switch. Gather these and we can move at your pace. See the full checklist and why each piece matters.
- Formation docs and EIN
- ID for owners with 25%+ ownership
- Bank letter or voided check
- 3 months of business bank statements
- 3 months of processing statements (the biggest accelerator)
- Certificates of Analysis (third-party lab reports) for every product
- A live store with clear policies
Join thousands of happy merchants
Alicja Burek
“Our online sales have grown by over 30% since implementing Bankful, and customer retention has improved thanks to a seamless purchasing experience.”
Jon Call
“I’m thankful that Bankful was a forward thinking, modern option that was available for me to choose.”
Dr. Taylor
“Getting started was smooth and easy! We didn’t have to reach out much, but when we did, support was fast and helpful. Now, we’ve saved time and definitely seen increased customer satisfaction.”
