I’m filling out an application for a merchant account and saw that it needs to go through underwriting. I’m not entirely sure—what is an underwriter, and what role do they play in approving business accounts like mine?
Answer by: abdullah-al-naim
3 weeks ago
An underwriter is someone—usually working for a financial company—who evaluates and takes on risks, like those tied to mortgages, loans, insurance, or investments. They do the work in exchange for a fee, which could be a commission, premium, interest, or a percentage of the deal.
In short, they assess if a financial deal is worth the risk and help make it happen!
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