Merchant boarding

Merchant Boarding

How can get a merchant account quickly?

All you need to do is prepare the complete documentation as required, and approval can be obtained in as little as 24 hours. So documents are the most important.
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What need to prepare to apply for a PaySia merchant account?

The documents we need are different in different countries and regions, but you must have them anyway

Certificate of Business register

Articles of association

Company Website

Business bank account

Proof of tax / VAT registration

UBO Proof of identity

UBO Proof of address

Directors Proof of identity

Directors Proof of address

Power of attorney (if such)

Proof of ownership

Transaction History (if such)

Ownership structure

Licence (if applicable)

Business Plan

Just 4 steps to get a merchant account

When you're ready, it's easy to get a merchant account by following the steps below,It is worth noting that you may be asked to add additional materials during this process

Contact sales and start applying

First of all, you need to contact our salesman and reach an agreement with him on the details of cooperation. He will tell you how to start the application

Contact Sales

Submit the application and wait for compliance review

Submit all your affectionate materials and we will transfer to the Compliance review department to review your company and business. If there are no problems, you will be approved

Supplementary information as requested

If we have some doubts about your company and business during the compliance review process, we may ask you to provide more information to assist in the compliance review

Approve and obtain MID

After completing all reviews, you will be approved to use the merchant account, and you will be approved to use the payment method

Some notes on the document

A lot of people, when they first apply, don't know how to prepare the document, but actually it's very simple, the point is how do you interpret it

Certificate of Incorporation

This is a legal document that contains the legal name of your company, the date of incorporation and other information. It is issued by a government department. Different countries have different forms of government issued documents.

Articles of association

A company's articles of association (AoA, called articles of incorporation in some jurisdictions) is a document which, along with the memorandum of association (in cases where it exists) form the company's constitution, and defines the responsibilities of the directors, the kind of business to be undertaken, and the means by which the shareholders exert control over the board of directors.

Registration Information

This document contains information that is registered at the time of the company's registration, including the company's name, the company's registered address, and shareholder or beneficiary information. Some countries even indicate information such as equity ratio and registered capital in their documents

Shareholding structure

This is a very important document, it contains the holdings of all the beneficiaries of the company, usually more than 25% of the beneficiaries will be required to provide identification documents

Register of shareholders or directors

Many countries require companies to have directors, and directors assume the legal obligations of the company, so the register of directors will show all the information of directors, usually requires a director to provide his identity document

Directors appoint and authorize representatives

Of course, the appointment of the director is a formal and serious resolution, so the appointment of the director is also a relatively important document. In addition to the appointment of directors, if the signatory is an authorized representative, we also need a letter of authorization

Proof of identity

We ask for the identity documents of the beneficiaries holding more than 25% shares and the directors. He must be a passport (this can be an ID card or green card in the UK or EU, or a driver's license in the US).

Address proof document

We need proof of the address of the company and the beneficiaries as well as the directors. It can be a bank statement, a utility bill. It must have the name and address on it.

Certificate of Domain name Ownership

Proof of domain name ownership can be a certificate issued by the domain name registration Authority or information retrieved from the domain Name retrieval authority that contains the ownership of the domain name

Bank account certificate

It is a certificate of account opening when you open a commercial bank account, which contains the bank information and account holder information as well as the opening time

Financial Statements

Financial statements provide a good picture of your company's past operations, so providing financial statements can be very helpful in getting a merchant account

Historical transaction processing

It is a record of transaction processing when you used other payment processors in the past. It can well show your past transaction status, so that we can judge whether there is any violation of your transaction

Company's Tax documents

The company tax document is required. It contains the tax number issued by the tax authority. In the UK it may be a UTR, in the EU it may be a VAT, in the US it may be an EIN

Social Security number or taxpayer identification number

We may ask the UBO or director to provide his SSN or TIN

Business Plan

For start-ups, a business plan is the most powerful tool you can use to get a merchant account. Because start-ups don't have any financial data, we can't determine the transaction information you filled in when you applied. However, if you have a business plan, we can find some information available in your business plan book to determine whether your business is possible.

Agreement of Cooperation

Sometimes we may ask you to provide some cooperation agreements, such as the agreement between you and the supplier and the agreement between you and the logistics service provider, in order to better judge whether your business is actually operated.