Documents Required To Open A Merchant Account

The Opening of a merchants account requires series of documentation and verification. Each country has its own procedures while acquiring a merchants account, the sole purpose of mystifying the account opening process is to limit the chances of fraudsters and unwanted people applying. Merchants account opening takes days after fulfilling all documentation processes, at times it takes weeks depending on […]


What is a Merchant Account? First, let’s clarify what a merchant is. A merchant is a businessperson who trades products/services. In payment processing, a merchant is a legal entity that opts to accept payments online. A merchant account is a type of bank account used for storing funds from card transactions until those transactions are settled completely. Thereafter, the funds are transferred to […]

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