Opening a Merchant Account in Europe
Updated on Wednesday 12th September 2018
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The merchant account allows businesses to accept payments in more than one way, most specifically both through debit card and credit card payments. Investors who are interested in offshore incorporation in Europe will need to set up convenient methods of payment for their international clients and this type of a bank account answers these needs.
Opening a merchant account in Europe is a step that is mandatory for certain types of businesses and one that can be implemented optionally by other types of companies.
Opening a merchant account in Europe is a step that is mandatory for certain types of businesses and one that can be implemented optionally by other types of companies.
A merchant account for a European business
Merchant account services are widespread across Europe and investors from other regions will find it easy to set up this type of account with a European bank. This step can be accomplished as early as the incorporation phase for the European offshore company or later on.
The list below presents the advantages of opening a merchant account in Europe:
- Process worldwide transactions: through a merchant account, a business in Europe can process transactions received from anywhere in the world.
- Increased profit: this type of payment method may increase the company’s profits as card payments are widely popular and clients will find it easy to make an online purchase from your company
- Easy application: most banks in Europe offer a simple application method for a merchant account and it will include filling in a form and providing certain details.
- Security: the merchant account also means that the transactions processed via this payment method are secure and compliant with the relevant data protection laws.
Foreign investors may be interested in offshore bank account and merchant account formation in selected countries, like Cyprus. They can reach out to our agents who specialize in offshore company setup for more details about a specific jurisdiction.
More information about the merchant account
The merchant account can be essential for investors interested in offshore company formation as it is a convenient, fast and cost-effective method of managing payments from clients.
Entrepreneurs can choose to work with a bank that has an already established network of European branches. The conditions for opening the merchant account can differ from bank to bank and a pre-approval application may be needed.
Contact our offshore company formation agents for complete assistance regarding banking and bank account creation in Europe.