FAQ about Merchant Account
What is a Merchant Account?
Merchant Account is a unique number (account) of your company in a payment system which allows you to accept payments on payment cards. Opening a Merchant Account, the bank agrees to pay into accounts of your company the assets received as a result of operations on payment cards, for removal of assets from accounts of buyers in banks - emitters.
What is Low Risk Merchant Account?
Low Risk Merchant Account - Merchant Account for low risk business (practically any usual business)
What is High Risk Merchant Account?
High Risk Merchant Account - Merchant Account for high risk business (the Casino, Game sites, Bookmaking, Lotteries, etc.)
What is Offshore Merchant Account?
Offshore Merchant Account - Merchant Account, opened for an off-shore company - allows to avoid the taxation.It can be open both for Low Risk Business, and for High Risk Business.
What is Sub-Merchant Account?
Sub-Merchant Account - the separate account opened in the system of a processing company which allows your company to accept payments on credit cards through processing.
On what kinds of business cannot be received Merchant Account?
We do not provide our services to the companies and the private persons occupied in the following kinds of business:
- Production and products distribution popularizing violence, international discord, terrorism, etc.
- Distribution of children's pornography
- Network marketing, Pyramid schemes, etc.
- Sale of unlicensed audio, video and dvd products
- Sale of unlicensed or illegally bought software
- Distribution of SPAM (e-mail with the advertising information, delivered to set of addressees)
How much time does it take to open a Merchant Account?
Direct Merchant Account opens, as a rule, in 3 weeks. Sub-Merchant Account opens in 2-3 days.
I want to open Offshore Merchant Account. How much time will it take to open it?
Registration of off-shore company takes 1-2 weeks (depending on the jurisdiction). However, to wait, when the company will be registered,is absolutely unnecessary. First, the process of opening Offshore Merchant Account can be , only knowing essential elements of the company (the title, registration number, business address, etc.) on what we shall inform you in 1-2 days. Second, you can always acquire from us ready off-shore company for opening Offshore Merchant Account.
In what bank opens Merchant Account?
We cooperate with a number of European, American and offshore banks and the expediency of opening Merchant Account in one of them is defined while processing your application, proceeding from the type of your business, expected turnover in a month, the jurisdiction of the company on which the Merchant Account is opened, etc.
What forms of payment do you accept?
Bank remittance, transfer by Western Union, payment by a credit card.
Can I pay by cash?
Yes, for this purpose you need to come to one of our offices.
