Before applying for a Merchant Account Application, it's vital to know everything about this checking account type and therefore the processes included. A merchant account may be a checking account that allows businesses to simply accept payments in various ways online, typically through debit or credit cards.
This account is required as long as an individual is using the payment gateway for processing the transactions from your website. Moreover, it's established under the agreement that's made between the merchant obtaining bank and an acceptor for the settlement of payment card transactions.
Prior to moving ahead and opening a merchant account for your business, you would want to have a business. Hong Kong may be an excellent spot to start out a business thanks to its tax-friendly regime and the business-friendly environment.
With the assistance of our company, you'll easily get a company incorporated in Hong Kong where the method could also be as short as under 24 hours to the traditional time interval of 3-5 working days. In short, you will have a company in Hong Kong in only a brief time and there's no need to be a resident of Hong Kong for this. you'll learn more about the incorporation of a Hong Kong company Here!
Now that your company has been established in Hong Kong, the subsequent step is to open a checking account for the business transactions to require a place smoothly. This is often where you decide on the kind of account that you simply want. the subsequent process is involved with the opening of a Hong Kong bank account:
Once this has been done, you'll choose a merchant account and submit the merchant account application for the online transactions for your business.
There are tons of payment processing and payment gateway companies that provide merchant accounts for businesses. Moreover, these accounts are often opened with any large banks that provide these services also. There are cases where ISOs (Independent sales organizations) or maybe the MSPs (Member Service Providers) offer these accounts.
And we are choosing these organizations since they need agreements with the payment processors. alongside this, there are independent agents or contractors of the ISOs who also offer these merchant accounts. But it's not that easy to urge a merchant account because the person must have some arrangement with the payment processor to charge a customer’s debit or MasterCard.
There are many payment processors and gateways within the world and each varies as per the monthly fees and costs of transactions. And it's crucial to pick the applicable company for sending the merchant account application if you plan to run a successful online business. an inventory has been shared below which will assist you to choose the specified company for sending a merchant account application.
There are some criteria regarding your business that require to be fulfilled for opening a merchant account and they are:
The following are the overall questions that you simply could be asked if you would like to use a merchant account:
Documents Needed alongside the Merchant Account Application
The criteria do not end here, you'd even have to supply the organization with the supporting documents for the opening an eCommerce merchant account with GPAP on MasterCard acceptance services.
The documents would come with the previous 3 months of the company’s checking account, identity proof of the administrators, company documents including the certificate of incorporation, business registration certificate, and other company documents, and business plan proposals and latest audited financial statements.
It must be noted that the merchant account application from the merchant and therefore the company has to be set up in Hong Kong for a minimum of three years in most of the cases. Otherwise, there are many agencies that might not accept the application. There are some organizations that invite 4 years because of the minimum time.
Our company has collected a number of the simplest merchant account providers and have listed them below in order that you'll contact them directly and submit your merchant account application. This will be done as soon as you've incorporated your company in Hong Kong and are running it for some time now.
Moreover, the list just allows you to learn about the company which will be considered. it's your choice at the end to settle on the proper one as per your criteria. the subsequent are the businesses that you simply can contact:
The Check21 provides several financial transaction processing services that have an e-commerce solution, electronic check processing, and MasterCard processing. Their mission is to supply the merchants who are submitting the merchant account application with them, a seamless worry-free electronic check and a MasterCard solution.
Address: 3389 Sheridan St, Suite # 503, Hollywood, FL 33021
Contact: Ido Meros
Web Address: http://www.Check21.com
CardReady provides several latest products of the electronic transactions industry. This includes MasterCard transactions, that the agency would create a payment system that might fit all yours and your company’s needs. Select from an outsized sort of terminal configurations and software solutions for getting an answer that might promote business growth. Submit your merchant account application to CardReady if you are feeling that they're the proper ones for your needs and you'll meet their required criteria.
Contact: Drew Padnick – VP, Business Development
Web Address: http://www.cardready.com/
If you are not a match with the above agencies, you'll also submit your merchant account application to the BankCard USA for the merchant account. The account is open for retail, MOTO and E-Commerce. Moreover, you'll use the normal low-risk services and therefore the experts of the high risk that also includes subsequent day funding. Also, get the onshore direct sponsor to Visa or MasterCard.
Address: 28720 Roadside Dr #299, Agoura Hills, CA 91301
Contact: Scott Hardy – VP
In this company, you'll use the services of the debit and MasterCard processing. Moreover, they concentrate on the cardboard present and non-card present merchants. They also set up the processing and have all the equipment and software packages that might suit your needs for retail, restaurant and repair establishments, to order, telephone and internet business.
The Banctek Solutions company has agency agreements with MASTERCARD and VISA. They also facilitate the acceptance of Discover, American Express, and every one the opposite major credit cards. With this, they make sure that you get the foremost number of options and even economical processing for your Hong Kong company.
Address: 1660 Wynkoop St. Suite 1100, Denver, Colorado 80202
Contact: Christopher M. Bridges
Other than these, there may be a list of merchant account providers for companies that are in any part of the planet. you'll easily send a merchant account application to them in desires to expand your business:
InterBill Inc. has been within the marketplace for an extended time now and offers the Merchant Processing Services where the agency focuses on both the High Risk also because of the traditional merchant accounts. aside from this, they also offer both the International and the Domestic solutions. So, if you own a business that's out of Hong Kong, you'll still send them the merchant account application.
Web Address: http://www.interbillinc.com/
With the expert help of InCheck LLC, you'll make certain to urge the simplest payment processing solutions for your business online. they provide customized cost-reducing services for his or her customers. Apart from this, there are six main areas of service that you simply can use from InCheck and there are various solutions and products within each of them. A couple of the services are the Management of High-Risk Accounts and Processing of Credit & Debit Cards. you'll connect with them or visit their website to understand more.
Web Address: http://www.inchek.net
Humboldt Merchant Services
Humboldt has been a faithful provider since it had been established to supply the best-in-class MasterCard processing. you'll easily submit the merchant account application with them and their knowledgeable representatives would connect with you on to offer the customized solutions that might suit your individual business needs. Visit the web site to understand more about them.
Web Address: http://hbms.com
Global Merchant Advisors (GMA)
If you've been trying to find a payment processor that's global, GMA is the one for you where it's the power to help and advise the Merchants also because of the Advertisers in maintaining and establishing a merchant account by submitting the correctly filled merchant account application. GMA features a lot of direct and indirect relationships with banks that let them supply the solutions for the foremost challenging account. If they match your needs, you'll try them out by visiting their website.
Glacier Payments has been providing clients with a number of the simplest payment processing services for an extended time now. they freely offer their clients the potential to simply accept all the main credit cards alongside the vital tools in order that you'll prevent any fraudulent cases to return up. Hence, if you're submitting the merchant account application here, you'll feel secure about the situations where you've got to process the card-not-present transactions.
ExpiTrans is understood for providing international and domestic Credit or open-end credit processing, and check processing accounts for nearly each and every quiet business model. They also concentrate on high-risk processing related to Internet marketing merchants.
EMC2 has been an innovative leader within the global transactions processing solutions where they might provide you with everything that you simply need from a payment solutions standpoint in order that you'll build and maintain an outsized scale, high volume business online. If you're an individual who features a company that's not located in Hong Kong, you'll easily choose this company by submitting your merchant account application. Moreover, they also concentrate on the high risk/card, not present businesses and would assist you to simply set up a world Merchant Account, and a Domestic Merchant Accounts, or maybe both.
Credipayments may be a renowned merchant account provider that focuses on offering the Dot Comís with quick access to any or all of the main MasterCard payment systems. They comprehend the eCommerce merchant and recognize the importance of nurturing your publishers, ad networks, and affiliates.
Now that you simply are clear with the entire idea and know where you'll submit the merchant account application, start with first incorporating your business in Hong Kong with the assistance of Future Perfact Global. After this, you'll choose the providers that you simply want to hitch for your merchant account and submit the appliance there to urge accepted.
Let us know if you have any longer questions.