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This quick form helps confirm that you meet the qualifications required by banks and merchant services providers. If you don’t meet the criteria, they won’t be able to approve your application later—so this step helps avoid wasted time and frustration for everyone.
About the Role:
As a Payment Processor referred by Earnwell Partners, you’ll be an entrepreneurial business owner working as a managed contractor. Your role is helping eCommerce merchants trial their products in the U.S. You’ll facilitate secure and efficient payment transactions by partnering with merchant service providers, ensuring a smooth process for businesses expanding into new markets.
What You’ll Do:
• Set up and manage payment processing accounts for eCommerce business owners.
• Assist merchants with trialing their products in the U.S. through established payment networks.
• Work with trusted merchant service companies to ensure compliance and smooth onboarding.
• Monitor transactions, ensuring payments are processed accurately and securely.
• Maintain compliance with industry regulations and fraud prevention best practices.
What You’ll Get:
• $1,000 per month from you merchant services company— $1,000 Earnwell referral bonuses .
• The flexibility to work independently and set your own schedule.
• Ongoing support and guidance from your merchant services team.
• The opportunity to help businesses grow while building your own success.
Who This is For:
• Individuals looking for a lucrative side gig or entry into the payment processing space.
• Those interested in eCommerce, fintech, or payment processing.
• Self-motivated professionals who enjoy helping businesses scale.
• Strong communicators.
No prior payment processing experience? No problem. We provide the resources you need to get started and succeed.
Qualification & Required Documents
Qualifying Criteria
- Over 18 years of age
- Currently a US resident who is residing in the United States
- Credit Score of +625
- No felonies, liens, or bankruptcies
- Not participating in any other payment processing program or role
Required Docs
- Government-Issued ID:
Required by merchant banks and merchant services under Know Your Customer(KYC) regulations to confirm your identity and prevent fraud. - Recent Phone Bill:
Necessary for merchant banks in verifying contact information and preventing fraud during underwriting. - Credit Report Snapshot:
Required by merchant banks to assess financial reliability and determine risk factors in approving a business for processing payments. - Last 3 Months Banking Statements:
Required by merchant services to verify financial stability and assess risk when processing payments. - Last 2 Years Tax Returns:
Required by merchant banks and merchant services to establish financial history and verify income legitimacy for business banking and merchant accounts.
Why do I need to provide all this information?
Each document we request is standard for setting up a compliant business structure—nothing more, nothing less. If you were to create an LLC and apply for payment processing independently, you’d be required to submit the same information. Earnwell simply facilitates the process to ensure everything is structured correctly from the start.
Who owns the LLC?
You do—100%. You have full control, rights, and ownership over your LLC. However, when you’re referred to a merchant partner, your role transitions.
By signing a contract with your merchant services partner, you operate as a managed contractor under their merchant services agreement while maintaining ownership of your business.
This contract covers:
1. The merchant services provider, who represents the international e-commerce business.
2. How payments are processed from the products sold through the assigned advertising partner.
What do I do with my LLC after the program ends?
That’s entirely up to you! You now have experience in payment processing and e-commerce infrastructure, which opens doors to new business opportunities.
You can:
• Continue operating in the payment processing space
• Pivot your LLC into a new business venture
• Dissolve your LLC if you no longer need it
What products are being sold?
Have you ever seen trending products on TikTok? It’s likely one of those! Earnwell sets up businesses for moderate-volume commerce, with products that typically cost under $100.
You and your merchant partner will discuss specifics, but popular categories include:
• Kitchen gadgets
• Fitness gear & equipment
• CBD gummies & wellness products
Do I pay taxes on the money that flows through my LLC?
No, you are not taxed on the total revenue flowing through your LLC. As a managed contractor, you are only responsible for paying taxes on what you personally receive as earnings.
Your merchant partner (not Earnwell) pays you directly, and you will receive a 1099-NEC or similar tax form for reporting your income. This is different from traditional LLC profit distributions, as your role is structured as an independent contractor under the merchant services agreement.
Who manages the money?
A U.S.-based accounting firm works with your merchant services provider to handle fund distribution and maintain regulatory compliance.
Extensive security measures are in place to ensure:
• Transactions remain compliant with tax nexus laws
• Financial transparency to prevent unauthorized activity
This is why monthly financial statements (with account numbers redacted) are required—they help ensure compliance and prevent issues like “skimming.”
What happens if a company doesn't pay or cancels?
Every business is required to maintain a reserve fund for this exact reason. This financial safeguard is in place to protect all parties involved—including EBOs like you. If a business cancels, the reserve ensures you are still paid according to the agreed terms.
Why is the trial period short?
International businesses use this phase to test market demand before committing to a full-scale U.S. expansion.
The trial allows them to:
• Gauge product viability in the U.S. market
• Navigate tax and compliance thresholds
• Assess operational costs before scaling up
One of the biggest factors is U.S. tax laws—once a business meets certain revenue thresholds, they may be required to:
• Register as a U.S. business entity
• File and pay U.S. taxes on their earnings
By running a structured trial first, businesses can determine if and when they need to take those next steps. This approach ensures they don’t overcommit too early, making it a sustainable, ongoing opportunity for EBOs.
What's the average length of the trial?
Merchant partners require a minimum of 5 months, but the average duration is 9-12 months. This gives businesses enough time to collect data, adjust strategies, and determine their next move.
Can I extend my participation?
Earnwell does not manage merchant partner availability. If you wish to continue beyond the initial trial, you’ll need to discuss options directly with your merchant partner once your program is approaching its wind-down period.
Can I earn more?
Yes! In addition to earning as an EBO, you can increase your earnings through Earnwell’s referral network. By referring new entrepreneurial business owners, you can generate ongoing, passive income while helping others access the same opportunity.
