Opening merchant accounts for any business: from preliminary analysis to account registration
Merchant account (merchant account) is a special account used for receiving payments from credit and debit cards (VISA, MasterCard, American Express, etc.), as well as from customers' bank accounts directly on the company's website or at the actual point of sale (via POS terminal or imprinter). Merchant can be issued only for a legal entity and it is tied to its checking account, where the incoming funds are credited through a special processing center. Such service has many obvious advantages and it is used today everywhere: in online stores, on virtual platforms of brokerage and investment companies, in the activity of pawnshops and interactive casinos, in online games and on dating sites.
However, the registration of the merchant account involves a lot of time, preparation of a huge number of documents and a significant risk of failure. The company Finance Business Service will help open a merchant account for any company and maximize the chances even for high-risk businesses.