CoinX is a FinCEN Registered Money Services Business (MSB) holding valid Money Transmitter Licenses for Money Transfer Business

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Thank you for your interest in our ACH product. Please fill out the following application to get started (all fields with an asterisk (*) are required.

General Information

Business Information

Primary Business Address

Primary Contact Information

Secondary Contact Information

Location Banking Information

Please see pricing details listed below. Submission of application is agreement of terms and will be billed upon account underwriting approval.

Officers of the Company

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Velocity Settlements & Returns


Debits
What is the largest check you will ever process?
How many checks will you process per day?
What is your largest daily check total?
How many checks will you process per month?
What is your largest monthly check total?
Credits
What is the largest ACH Credit you will ever process?
How many ACH Credits will you process per day?
What is your largest ACH Credit total per day?
How many ACH Credits will you process per month?
What is your largest ACH Credit total per month?
Refunds
What is the largest refund you will ever process?
How many refunds will you process per day?
What is your largest refund total per day?
How many refunds will you process per month?
What is your largest refund total per month?

Required Documents

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Terms, Conditions & Pricing

  1. If approved and as a COINX client you agree to a monthly billing cycle. You will receive an invoice for the previous month of activity and fees for services transacted, which will be automatically debited via ACH from the account supplied in the application.
  2. I (we) hereby authorize COINX, to initiate debit entries to our account on file at the depository financial institution named in the application, hereafter called DEPOSITORY, and to debit the same to such account. I (we) acknowledge that the origination of ACH transactions to my (our) account must comply with the provisions of US law.
  3. This authorization is to remain in full force and effect until COINX has received written notification of its termination in such time and in such manner as to afford COINX and DEPOSITORY a reasonable opportunity to act on it.
  4. Acknowledge and Agree to comply with all applicable Check 21 laws and regulations and NACHA Rules that apply to remote deposit, check Capture, and processing.
  5. Term. The initial term of this Agreement will commence on the date the application is approved and continue for the period of two (2) years, unless earlier terminated as provided below. This Agreement will automatically renew for subsequent annual terms each, unless either party gives written notice of non-renewal of this Agreement no later than one hundred eighty (180) days prior to the expiration of the then-current term.
  6. Termination for Convenience. After completion of the initial twenty four (24) month period of this Agreement, either party may exercise the right to terminate this Agreement without cause and for its convenience by giving the other party at least six (6) months prior written notice of such termination.
  7. The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and Regulation GG of the Federal Reserve prohibit CoinX from processing or participating in transactions related to unlawful internet gambling. The term “unlawful internet gambling” assumes the definition established in 12 C.F.R. Section 132.2(bb). Restricted transactions generally include, but are not limited to, transactions involving card systems, ACH systems, wire transfer systems, check collection systems, and money transmitting businesses in which funds are accepted by gambling businesses in connection with another person in a bet or wager that involves the use of the internet and that is unlawful under any federal or state law. It is the policy of CoinX to strictly prohibit the use of a customer’s business relationship with CoinX for unlawful purpose.
Enterprise Payment Software
Transaction Pricing
All transaction prices include ODFI fee.
CONSUMER ACH TRANSACTION PRICING
Transaction Type Transactions/Qty Transactions Included
ACH ALL Up to 3,000
Transaction Type Transactions/Qty Price Ea.
CCD1 ALL Up to 3,000
 
RETURN ITEM PRICING
Return Type Price Ea.
ACH Return $ 5.00
Unauthorized Returns (Applies even if authorization is later proven) $ 20.00
 
ONE TIME FEES
Description Price Ea.
Partner Implementation/Certification / Underwriting $ 2,000.00
Application Fee (per business) $ 35.00
Business Setup Fee (One Location ID included, each additional) $ 500.00
ODFI Certification Fee (per Financial Institution if applicable beyond initial) $ 2,500.00
SFTP set-up (one-time fee if applicable) $ 820.00
 
MONTHLY FEES
Description Price Ea.
Partner Monthly Minimum $ 500.00
Client Account Fee (includes one bank account) $ 5.00
Additional Bank Account Fee $ 10.00
Monthly Minimum Fee (per business) $ 2,000.00
Support Fee (if applicable) $ 10.00
 
Miscellaneous Administrative Charges
Description Price Ea.
Authorization Review Request $ 100.00
Failure to Notify of Bank Account Change $ 100.00
Return Against Settlement Account $ 100.00
Debit Blocks $ 100.00
Research Charge (Per hour, One Hour Minimum) $ 100.00
Annual Fee $ 150.00

1 CCD transaction limit $25K or less


It is CoinX's corporate policy not to knowingly provide Processing Services for any person or organization whose use of the Processing Services involves or pertains to any activity which is illegal under U.S. law or involves an activity or business with which CoinX declines to accept and conduct business generally ("Excluded Activity or Activities").

  • Cash Advance
  • Check Cashers
  • Bank Drafts, Remotely Created Checks or Electronically Created Payment Orders
  • Government Grant or Will-Writing Kits
  • International ACH Transactions (a payment where the ultimate originator or beneficiary is located outside the U.S.)
  • Internet Gambling Payments (see Regulation GG)
  • Internet Tobacco or Firearms Sales
  • Payday Loan Business
  • Predatory Consumer Lending Business
  • Pornography or other Sexually-Oriented Businesses
  • Psychic or Horoscope Consultation Services
  • Sweepstakes
  • Shell Banks
  • Used car dealerships exporting cars
  • Foreign businesses importing cars
  • Title Loan Businesses
  • Embassy/Foreign Consulate/Foreign Mission Accounts
  • Marijuana Related Businesses
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