Evaluate merchant business models, ownership structures, and operational risk. * Assess financial stability, processing history, and potential chargeback exposure. * Ensure merchants operate within:
Evaluate merchant business models, ownership structures, and operational risk. * Assess financial stability, processing history, and potential chargeback exposure. * Ensure merchants operate within:
Communicate status, questions, issues, and process improvement opportunities with Fiserv leadership and BANA partners Experience you'll need to have: * 3+ years of experience in merchant processing ...
Communicate status, questions, issues, and process improvement opportunities with Fiserv leadership and BANA partners Experience you'll need to have: * 3+ years of experience in merchant processing ...
Communicate status, questions, issues, and process improvement opportunities with Fiserv leadership and BANA partners Experience you'll need to have: * 3+ years of experience in merchant processing ...
Communicate status, questions, issues, and process improvement opportunities with Fiserv leadership and BANA partners Experience you'll need to have: * 3+ years of experience in merchant processing ...
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Associate, Store Merchandising
Boca Raton, FL ยท On-site
$16.24 - $20.30/hr
Process inbound merchandise, placement and presentation of merchandise on selling floor * Follow direction in maintaining standards in placement and presentation * Participate when needed in other ...
Associate, Store Merchandising
Boca Raton, FL ยท On-site
$16.24 - $20.30/hr
Process inbound merchandise, placement and presentation of merchandise on selling floor * Follow direction in maintaining standards in placement and presentation * Participate when needed in other ...
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Boca Raton, FL ยท On-site
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Process inbound merchandise, placement and presentation of merchandise on selling floor * Follow direction in maintaining standards in placement and presentation * Participate when needed in other ...
Associate, Store Merchandising
Boca Raton, FL ยท On-site
$16.24 - $20.30/hr
Process inbound merchandise, placement and presentation of merchandise on selling floor * Follow direction in maintaining standards in placement and presentation * Participate when needed in other ...
Associate, Store Merchandising
$16.24 - $20.30/hr
Process inbound merchandise, placement and presentation of merchandise on selling floor * Follow direction in maintaining standards in placement and presentation * Participate when needed in other ...
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Merchant Processing information
See Boca Raton, FL salary details
$12.77 - $14.68
2% of jobs
$14.68 - $16.59
9% of jobs
$16.59 - $18.50
13% of jobs
$18.76 is the 25th percentile. Wages below this are outliers.
$18.50 - $20.41
12% of jobs
$20.41 - $22.31
11% of jobs
The median wage is $22.82 / hr.
$22.31 - $24.22
16% of jobs
$26.06 is the 75th percentile. Wages above this are outliers.
$24.22 - $26.13
14% of jobs
$26.13 - $28.04
12% of jobs
$28.04 - $29.95
6% of jobs
$29.95 - $31.85
4% of jobs
$31.85 - $33.76
2% of jobs
$12
$23
$33
How much do merchant processing jobs pay per hour?
What are the key skills and qualifications needed to thrive as a Merchant Processing Specialist, and why are they important?
What are some common challenges faced by professionals in merchant processing, and how can they be addressed?
What is merchant processing?
What is the difference between Merchant Processing vs Payment Processor Specialist?
| Aspect | Merchant Processing | Payment Processor Specialist |
|---|---|---|
| Credentials | Basic industry certifications, familiarity with payment systems | Certifications in payment processing, technical knowledge |
| Work Environment | Financial institutions, merchant service providers | Payment processing companies, financial tech firms |
| Industry Usage | Used broadly in retail, e-commerce, and service sectors | Focused on technical support and system management |
| Search/Comparison Intent | Understanding merchant processing services | Technical roles in payment systems |
Merchant Processing involves managing and facilitating payment transactions for merchants, including setting up merchant accounts and ensuring smooth payment acceptance. Payment Processor Specialists focus on technical support, system integration, and troubleshooting within payment processing platforms. While both roles work within the payment industry, Merchant Processing is more client-facing and operational, whereas Payment Processor Specialists are technical experts ensuring system functionality.
Full-time
Medical
Posted 23 days ago
Job description
Underwriting & Compliance Specialist
Merchant Onboarding, Risk Assessment & Compliance
Location: Remote (U.S.)
Department: Risk, Compliance & Merchant Operations
Company: Approvely
About Approvely
Approvely is a payments and compliance infrastructure platform built to support merchants operating in complex and regulated industries. Our platform helps businesses accept payments while maintaining compliance with sponsor bank requirements, card network rules, and regulatory frameworks.
We specialize in industries often underserved by traditional processors-including online gaming, fantasy sports, sweepstakes, and other emerging digital platforms-providing both payment acceptance and compliance infrastructure.
Role Overview
Approvely is seeking a Underwriting & Compliance Specialist responsible for evaluating merchant applications, assessing risk, and ensuring merchants meet compliance standards before onboarding onto the platform.
This role sits at the intersection of risk management, compliance, and merchant onboarding, helping protect the platform while enabling growth. The position requires strong analytical thinking, attention to detail, and familiarity with payment processing risk and regulatory frameworks.
You will work closely with Sales, Customer Success, Product, Engineering, and sponsor banks to ensure merchants are onboarded properly and monitored throughout their lifecycle.
Key Responsibilities
Merchant Underwriting & Risk Evaluation
- Review merchant applications and supporting documentation to assess risk and eligibility.
- Evaluate merchant business models, ownership structures, and operational risk.
- Assess financial stability, processing history, and potential chargeback exposure.
- Ensure merchants operate within:
- Sponsor bank requirements
- Card network rules (Visa / Mastercard)
- Internal risk policies
- Identify high-risk indicators including fraud risk, chargeback exposure, or regulatory concerns.
- Manage merchant onboarding from application submission through account activation.
- Collect and verify required onboarding documentation, including:
- Business formation documents
- Ownership and KYC/KYB verification
- Banking information
- Processing statements
- Compliance policies and licensing
- Ensure merchant files are complete and "in good order" prior to approval.
- Coordinate with internal teams to ensure smooth merchant launches.
- Conduct KYC / KYB verification and business due diligence.
- Ensure merchants meet regulatory and compliance requirements for supported industries.
- Review licensing, legal opinions, and other regulatory documentation when required.
- Ensure merchant activities align with sponsor bank and network compliance standards.
- Monitor merchant processing activity and risk indicators.
- Investigate alerts related to:
- Chargeback spikes
- ACH returns
- Suspicious transaction activity
- Conduct periodic portfolio reviews to reassess merchant risk profiles.
- Recommend risk mitigation measures such as:
- Processing limits
- Reserve requirements
- Enhanced monitoring.
- Help refine internal underwriting workflows and policies.
- Identify opportunities to improve onboarding efficiency and reduce manual work.
- Support tooling improvements and internal documentation.
- Partner with:
- Sales
- Customer Success
- Engineering
- Product
- Compliance partners and sponsor banks
- Escalate complex or high-risk merchant cases when needed.
- Assist with maintaining underwriting documentation and internal policies.
Requirements
Qualifications
Required
- 2-5 years experience in payments, fintech, banking, or merchant acquiring
- Experience with merchant underwriting, onboarding, or risk review
- Understanding of payment processing and merchant risk
- Strong analytical and problem-solving skills
- High attention to detail and documentation
- Experience with high-risk or regulated industries, including:
- Online gaming
- Crypto
- Remittance
- Sweepstakes
- Knowledge of Visa/Mastercard rules and sponsor bank programs
- Experience with KYC/KYB processes
- Familiarity with CRM, underwriting platforms, or risk monitoring systems
- Strong spreadsheet/data analysis skills.
- Risk analysis and critical thinking
- Compliance and regulatory awareness
- Strong written documentation
- Ability to manage multiple merchant cases simultaneously
- Clear communication with internal teams and external partners
- Merchant applications reviewed quickly and accurately
- High-quality underwriting packages prepared for approvals
- Smooth onboarding experiences for new merchants
- Effective risk monitoring across the merchant portfolio
- Strong compliance with sponsor bank and card network requirements
Benefits
What Success Looks Like
- Merchant applications reviewed quickly and accurately
- High-quality underwriting packages prepared for approvals
- Smooth onboarding experiences for new merchants
- Effective risk monitoring across the merchant portfolio
- Strong compliance with sponsor bank and card network requirements
- Work at a fast-growing fintech company solving payments for underserved industries
- Exposure to emerging markets including online gaming and digital platforms
- Opportunity to shape underwriting and compliance processes from the ground up
- Collaborative startup environment with high ownership and impact
- Competitive salary
- Equity participation opportunity
- Health Insurance
- Flexible work environment
- Opportunity to work directly with company leadership
- Career growth opportunities as the company scales
- Exposure to the fintech, payments, and gaming industries
- Collaborative and entrepreneurial startup culture