Underwriting is a tool Moov uses to understand a business’s profile before allowing them to collect funds on our platform. This profile includes information like a description of the company or the merchant’s business model, the industry they operate in, and transaction volume. Through underwriting, we can understand and prevent unnecessary financial risk for Moov and those transacting on our platform. Note that underwriting can be instant, but in some cases make take around 2 business days before approval.