Today, a quarter of purchases are made via the Internet, the share of online sales is growing every year, as is the confidence of buyers in online shopping and payments using payment cards.
If you are a trading company, service provider such as forex, casino, consulting, entertainment portal, you have an Internet site, and you are ready to increase the share of customers from the Internet, you will need Internet acquiring .
Opening a merchant account in a payment system is a complicated, expensive and usually a long procedure that requires knowledge of experience from the contractor. But don’t worry, we have been working with various banks and payment systems for a long time and are ready to serve any client, be it an online casino, a dating site, or a forex broker.
What you need to open a merchant account:
- Depending on the type of activity, choose a payment system that provides a service for your type of activity at a minimum service fee. The commission will depend on various factors – your position in the market, the monthly turnover of the company, the type of goods or services, the risks associated with returns (chargeback), the jurisdiction where the company is registered, its management is located, the origin of the beneficiary, etc.
- Prepare your website so that at the time of consideration of your application, it is 95% complete, contains a description of the goods / services, conditions and terms of delivery, return of goods, so that it is clear what the client is paying for and that there will be no misunderstanding about the package, and therefore refunds of payments. The site should be customer-friendly, the payment system employee will have to go to the personal account to check the functionality, make sure that it matches the description in the questionnaire.
- Along with the preparation of the site, pay attention to the preparation of the constituent documents of the company for which you open a merchant account. The documents must be certified and translated into the language in which the payment system accepts the documents. If in the country where the services are provided, the activity requires licensing, please apply for a license.
- Filling in questionnaires and applications for opening a merchant account should be done by a specialist so as not to waste time and the ability to open an account as soon as possible, incorrect information may cause a refusal to open a merchant account.
- This is not obvious to everyone, but you should open another account – “current” in a bank or other financial institution where funds will be transferred from your merchant account weekly or daily.
Trust the specialists with such an important tool for your trading.
