High Risk Merchant Account Setup

How do you set up a merchant account?

To get a Merchant account for your business you should follow these steps. (We assume you have a company and a Business Bank account)
  • Create a Website
  • List all products and services with precise and specific product/service description
  • Add the Policy pages like Refund, Terms, and Privacy
  • If you are in EU then add a Cookie Policy
  • Add SSL certificate to your website
  • Add Support number on Homepage
  • Add company contact details on important pages like Terms, Contact, and Refund.
  • Use a CMS. We recommend Wordpress with woocommerce - It will be easy to integrate you may get some ready to use plugins from the processor
  • Apply with a Merchant Account acquirer. High Risk Merchants or Merchants with Bad Credit should apply with High Risk Merchant Account Providers
  • Send the Required KYC or KYM(Know your Merchant) documents to the acquirer or PSP for underwriting and Risk analysis
  • Once approved - Integrate and start Processing.

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