Due Diligence Requirements
Account opening requirements are listed here
- Completed Merchant application form
(all fields completed digitally) - Completed E-Commerce form
(all fields completed digitally) - Certificate of Incorporation of Applying Company
- Articles/Memorandum of Association of Applying Company
- Passport copy of director(s) / authorized signatory(s) of Applying Company
- Copy of most recent bank account statement (plus voided check if available)
- Credit card processing statements (of last 6 months)
- Screenshot of pay-page
- Information provided throughout all application documents should be correct and cohesive. And all provided copies should be clearly readable
- Completed Merchant application form
Author Archives: opadmin
Visa Inc. (V) and MasterCard Inc. (MA), the world’s biggest payment networks, put any potential settlement of price-fixing litigation by merchants at about $4 billion. MasterCard “extrapolated an estimate of a reasonably possible loss of at least $500 million if … Continue reading
Posted in Credit Card, Mastercard, Merchant Account, Visa
Tagged Law Suit, Mastercard, Settlement, Visa
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A report by the Treasury Inspector General for Tax Administration (TIGTA) has found that, unless the United States Internal Revenue Service (IRS) improves its plan to implement the merchant card reporting requirements of the Housing and Economic Recovery Act of … Continue reading