Here on the forums, we've observed that the time it takes to approve accounts depends on a couple of factors:
1. Are you outside the United States?
2. Did you pay via Google Checkout?
3. Does the billing address on your form of payment match the address of record you've given to dreamhost?
Google Checkout takes longer, particularly for non-US customers. This is supposed to be because of the additional time that extra anti-fraud checks take and the fact that there's sometimes a delay in the Google Checkout payment arriving at Dreamhost. I personally suspect that this isn't an actual payment delay but is some kind of payment reversibility delay, but I have absolutely no evidence for this.
Direct credit card payments from outside the U.S. take longer as well for anti-fraud checks.
A mismatch on your billing address will trigger some kind of manual approval process which will delay processing. Again, the underlying cause is fraud prevention.
In the meantime, have a look around, enjoy the weather, etc.
Good luck and welcome!
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