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Sky offers next day funding, so Sky Paymentz customers will receive any payments made on Monday by 9:00 PM ET on Tuesday. Any payments during the weekend will be received on Tuesday.

Sky offers same day funding, where payments are typically available and deposited into your account within three hours, 24 hours 7 days a week. There is an additional 1.5% charge for this service.

Sky asks basic business and personal questions during registration, such as name, address, EIN, and banking information. It takes approximately 5 minutes to complete our registration and begin processing payments. However, Sky uses next generation underwriting and verification technology to identify you as the business owner and to verify your business. If you do not answer questions accurately, we may ask additional questions or require documentation such as processing statements, drivers license, or business licenses for verification purposes.

Sky first attempts to verify your identity and ownership with the last 4 of your social security number. If we are unable to verify, we will require the full social security number to satisfy federal and state guidelines surrounding Knowing Your Customer (KYC) and Anti Money Laundering (AML).

Sky does not sell equipment. We will lease equipment to businesses that process less than $5,000 per month for $50 monthly, and to businesses that process less than $1,000 for $150 monthly. If you process over $5,000 monthly and are located in our local markets, we will provide you with equipment free of charge to use. If you operate outside our local markets Sky will sell you terminals to process in person payments but requires you to purchase additional equipment from third parties. Sky support can assist in facilitating the purchase.