Get Approved in 2 Minutes and Start Taking Payments Today

Who Qualifies for 2-Minute Approval (And Typical Limits)

Instant Approval – Typical Low-Risk Industries

• Retail (single-location and multi-location)
• Standard e-commerce
• Restaurants, bars, and food service
• Hotels and hospitality
• Professional services (legal, accounting, consulting)
• Coaching and online services
• B2B and SaaS

Enhanced Review – Higher-Risk Verticals We Still Serve

Coastal Pay supports these industries, but applications usually go through enhanced underwriting (typically 1 to 3 business days) rather than 2-minute instant approval:

• Travel
• Pharmacies and online pharmacies
• Timeshare
• High-ticket B2B with non-standard chargeback patterns

Typical Starting Parameters

Instant approvals are generally available for U.S.-based businesses with reasonable monthly volume projections (typically under $250,000/month initially) and average tickets within standard ranges for the vertical. Coastal Pay reviews and adjusts limits as processing history and risk data build, often within the first 30 to 60 days.

Not sure if you qualify? Call 888-266-1715 and a Coastal Pay specialist will confirm your fit before you apply.

Why Coastal Pay Is Different From “Instant Approval” PayFacs

Most fast-approval options (Square, Stripe, PayPal, Shopify Payments) are payment facilitators, which means you operate under their master merchant account as a sub-account. The trade-off is real:

PayFac Risks

• Sudden holds and freezes: Volume spikes, chargeback patterns, or industry shifts can trigger immediate fund holds with little explanation
• Account closures: PayFacs can terminate sub-accounts unilaterally, often within hours
• Limited customization: Pricing, payout schedules, and policy exceptions are largely fixed
• Continuous re-evaluation: “Approved” is conditional and can be reversed at any time

Coastal Pay’s Advantages

• True merchant account backed by Wells Fargo and Axiom Bank, not a PayFac sub-account
• Flat 2.5% + $0.15 per transaction with no separate gateway fee – lower than Stripe (2.9% + $0.30) and PayPal (2.99% + $0.49) standard rates
• 2,000+ software and POS integrations including Clover, Lightspeed, Toast, Shopify, WooCommerce, BigCommerce, and QuickBooks
• All major payment methods bundled: cards, ACH, Apple Pay, Google Pay, PayPal, Venmo, Klarna, Afterpay, Coinbase
• Multi-channel from day one: in-person POS, e-commerce, payment links, email invoicing, and virtual terminal in one merchant account
• Centralized reporting across all locations and channels with role-based access
• Enterprise-grade stability even at scale

How 2-Minute SignUp Link Works Step by Step

1. Click “Start 2-Minute Approval.” The button deep-links directly into the SignUp Link flow.
2. Enter basic business and owner info. Legal business name, EIN or SSN, contact details, business type, and average ticket. About 60 to 90 seconds.
3. Connect bank details. Provide the business bank account that will receive deposits.
4. Receive instant decision and boarding. Automated underwriting returns a decision in approximately 2 minutes. Approved applicants are fully boarded with merchant ID and gateway access the same day.

A small percentage of applications trigger a quick manual review, typically completed within one business day. Applicants see the review status in real time during the flow.

Once approved, you can immediately accept cards and ACH through the Coastal Pay Gateway, virtual terminal, payment links, or any of the 2,000+ POS integrations. Hardware or custom POS configuration can be added as needed – none of that gates your ability to start processing.

Common Questions

Is approval really instant?

Most U.S. low-risk applications receive an automated approval decision in approximately 2 minutes. A small percentage require a quick manual review (typically within 1 business day). Once approved, processing is live the same day.

Which industries qualify?

Retail, e-commerce, restaurants, hotels, professional services, coaching, and most B2B typically qualify for instant approval. Higher-risk verticals (travel, pharmacies, timeshare) may require enhanced underwriting.

When do I get my first payout?

Coastal Pay settles funds on a standard 1 to 2 business day cycle for most low-risk merchants. The first batch settles after the first full settlement cycle following the first day of processing. Unlike some PayFacs, Coastal Pay does not arbitrarily hold initial payouts.

What does it cost?

Flat 2.5% + $0.15 per successful transaction with no separate gateway fee, no setup fee, and no monthly minimum. The Coastal Pay Gateway is included.

Start Your 2-Minute Application

Skip the waiting. Get your merchant account decision in about two minutes.

Start 2-Minute Approval

Or call: 888-266-1715

Trusted by 4,962+ active merchants. $1.6B+ processed. Registered ISO/MSP with Wells Fargo, Concord, CA and Axiom Bank, N.A., Maitland, FL.

Already evaluating Square, Stripe, or PayPal? Compare Coastal Pay’s instant boarding and see why merchants choose a true merchant account with the same speed and significantly more stability.