Through IBCC’s network of European banks, we are able to assist you with the setting up of offshore merchant accounts, which includes opening a merchant account in your EU company’s name with an EU based acquiring bank.
What is a merchant account and why open one? Merchant is a business / company that accepts credit card payments. Merchant account is an account opened with an acquiring bank to accept credit card payments. An acquiring bank is paying all credit card settlements to the merchant’s bank account.
Merchant account is almost an essential aspect for many businesses these days, since clients are demanding more and more for the ease of paying immediately for a product or service using their credit card.
Here below are few steps you need to take in order to start your merchant account setting:
STEP 1: FULFILL BASIC REQUIREMENTS FOR PRE-APPROVAL APPLICATION (FREE OF CHARGE):
STEP 2: SEND US DOCUMENTS
Step 3: Approve merchant account fees
After your application approval you will receive agreement with the bank for merchant account services. The proposal of the bank will describe the following conditions:
Step 4: What will you receive?
To find out more, please contact us.