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Getting Started with the MarginEdge Card

Jenny Vaughn
Updated

Everything you need to sign up for MarginEdge Card — who can apply, what information you'll need, and what to expect after you submit.

Article Contents

You Should Know

  • Only MarginEdge Admin users can sign up for [me] Card.
  • No credit check is performed
  • Signup must be completed in the web app — it's not available on mobile.
  • If you have multiple locations, you will need to choose to sign up all as one company or individually: 
    • Company - One signup and one verification process; each unit can be set up with a unique bank account
    • Individual - Must sign up and independently go through verification for each individual store. 
    • If you change your mind and want to switch from company to individual, please reach out to our support team to cancel the accounts and re-initiate the signup process. 

What You'll Need

If you gather the following before you start, sign-up will only take about 5 minutes!

(1) Business information (KYB requirements)

  • Company name, address, EIN, and phone number
  • Name, address, SSN, phone, and email for the controller or authorized financial representative
  • Beneficial ownership info for anyone who owns 25% or more of the company (up to 4 people) — name, address, SSN, phone, and email. You can select "none" if this doesn't apply.

Privacy note: MarginEdge does not store any personally identifiable information (PII) collected during KYB.

(2) Bank account for repayment

  • Bank name, routing number, and account number
  • Associated account in your accounting system COA for mapping purposes

PRO TIP: To ensure smooth repayment, please contact your bank and have them authorize MarginEdge to debit your account with the below information:

Company Name: MarginEdge

Company ID: 1473665792

 

How to Sign Up

PRO TIP: For the best chance at instant approval, make sure the business address is associated with the EIN provided, and ensure the personal information - iname, address - provided for the controller or beneficial owner matches the driver's license as close as possible. Note that we cannot accept PO Boxes as valid addresses. 

 

1. Log in to MarginEdge and navigate to [me] Card in the left-hand navigation bar.

2. Choose your repayment mode: Company mode (one bank account for all locations) or Individual mode (each location uses its own bank account — note you'll need to complete setup steps for each store separately)

3. Agree to the cardholder agreement, ACH authorization, and e-sign consent.

4. Complete our business information form with your business and representative information.

5. Attach your bank account for repayment 

6. Submit. You'll typically be approved immediately or within 1–2 business days if additional verification is needed. 

Submitting Documents for Further Review

In some cases, our card processor may be unable to automatically verify the business details, address or an individual's identity. If that happens, MarginEdge will display the issue in the app and ask you to upload additional documents. 

If we can't verify any part of the required information, you may be asked to provide any of the following additional documentation. They should be uploaded directly in the website for quickest resolution! 

  • EIN letter
  • Bank statement
  • Certificate of incorporation
  • A copy of their driver's license (front & back)
  • SSN document

 

Expect approval within 1–2 business days after submission. You will receive an email from MarginEdge when your application is approved.
 

What if I made an error in my application? 

If you realize that you made an error in your application, please reach out to help@marginedge.com so we can restart your application. At this time, there is not a way to correct accidental errors, but it's quick and easy to re-apply! 

 

Where to Learn More