Merchant account is used for accepting payments with cards from customers on your website. Merchant account is a notion which means contract relations between your company, a bank and a processing centre, having which you will receive card payments from your customers to your bank account. Usually merchant accounts for processing payments are opened in banks or specific processing companies. When applying for a merchant account, a bank or a processing company reviews your application considering the following factors:
If you do not have a registered company or a bank account yet, and are working with merchant account for the first time, the procedure will probably seem complicated and time consuming. UniverseLAW will assist you in opening a merchant account in a reliable bank or payment institution, with trustworthy provider. At the moment we offer assistance in opening merchant accounts in Europe and other jurisdictions.
In case of any questions regarding merchant account opening procedure for your business feel free to contact UniverseLAW and our specialists will be glad to assist you.