What is a merchant account and who will benefit from it?

Мerchant – term – making electronic payments, including using a bank card.

Merchant service for online trading is a very convenient way to make payments on the Internet. It is not for nothing that it is called a safe and effective remedy. One of the obvious advantages is that there are no currency controls.

The merchant account is designed for thousands of transactions per minute, the service operates around the clock, regardless of the opening hours of the corresponding bank. Payments can be made in any currency.

Merchant account (trading account) is a separate account of the Client (merchant), used for all payments for trading on the Internet, both without and with bank cards through the website. To do this, the acquiring bank registers it for our client. Merchant registration itself is a step-by-step process, the result of which is the integration of your payment system to accept payments on your website.

Such merchant accounts are necessary both on trading sites and on sites that provide a variety of services. This, for example, is also in demand if you decide to open a cryptocurrency exchange or open an online casino. You will also need a merchant account if you decide to open an online pharmacy or open an online store.

Find out how to register a merchant account for a legal entity from experienced lawyers at E-commerce Broker. We will also help, if necessary, open a current account in an offshore bank or quickly register a company abroad.