{"id":7918,"date":"2024-03-14T14:22:27","date_gmt":"2024-03-14T12:22:27","guid":{"rendered":"https:\/\/gls-law.company\/?page_id=7918"},"modified":"2024-09-24T10:41:32","modified_gmt":"2024-09-24T07:41:32","slug":"opening-merchant-accounts","status":"publish","type":"page","link":"https:\/\/gls-law.company\/en\/opening-merchant-accounts\/","title":{"rendered":"Opening merchant accounts"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\tOpening merchant accounts\t\t\t\t\t<\/h1>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
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Opening a Merchant Account in Ukraine<\/h2>\nIf a seller (company) wants to accept payments for goods and services around the clock, it’s advisable to open a special account \u2014 a merchant account. In this case, the company can accept online payments from bank cards both via the Internet and through POS terminals. Thanks to such a trading account, your business will operate 24\/7, even on weekends or holidays. Moreover, the company will be able to process payments from other countries, significantly expanding the geography of the business.\nIf you are interested in opening a merchant account, seek legal services from GLS Law Company. Our specialists will prepare the necessary documents and set up a merchant account for your enterprise.\n\n

What is Needed to Open a Merchant Account<\/h2>\nPayment systems impose a number of requirements on those who want to open a trading account for their company. Such an account is available not only to legal entities but also to citizens who have registered as sole proprietors (FOP).\nTo open a merchant account, other requirements of payment systems also need to be considered. They relate to the seller company’s website or mobile application:\n\n
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  • All products in the catalog must have a detailed description, including their cost.<\/li>\n \t
  • The actual activity of the company must correspond to the field that the business owner specified in the application.<\/li>\n \t
  • The product description pages must include information regarding delivery and returns. The same requirement applies to a detailed description of how these processes are carried out.<\/li>\n \t
  • The company’s clients must be able to quickly and easily find a section with the seller’s contact information. These details need to be regularly checked to ensure they are up-to-date.<\/li>\n \t
  • The seller company’s website and app must open and operate without errors.<\/li>\n<\/ul>\n

    Opening a Merchant Account: Business Risk Level<\/h2>\nWhen planning to open a merchant account, seek consultation services from our specialists. This is important because accounts can be of several types. Thus, their selection needs to be approached very responsibly.\nThere are accounts with:\n\n
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    • Low risk \u2014 opening such accounts is quite fast, requiring a small list of documents from the seller company.<\/li>\n \t
    • High risk \u2014 it is presumed that banks, payment systems, and other financial institutions risk by cooperating with such a company. In such a case, the seller may be asked for significantly more documents to open a merchant account, and the procedure will require time for a detailed study of the client company.<\/li>\n<\/ul>\nFinancial institutions set the risk level individually for each business, thoroughly checking the company’s activities. To increase your chances and successfully open a merchant account, seek professional legal services from our experts.\n

      Merchant Account: Open with GLS Law Company<\/h2>\nA seller company can receive payments from clients as soon as the financial institution opens the respective merchant account. However, the received money can be used only after some time, as the funds received by the seller from clients initially accumulate on the merchant account. They are usually transferred to the bank account within 3 working days after the payment is processed.\nContact the specialists at GLS Law Company for additional information about the merchant account, which can be opened in Kyiv, Chernihiv, and other cities of Ukraine.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      SIGN UP FOR A CONSULTATION<\/h1><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      Find out how much the service for opening merchant accounts will cost<\/p><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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      Opening merchant accounts Services for opening merchant accounts Leave a request Opening a Merchant Account in Ukraine If a seller (company) wants to accept payments for goods and services around the clock, it’s advisable to open a special account \u2014 a merchant account. In this case, the company can accept online payments from bank cards […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"class_list":["post-7918","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/pages\/7918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/comments?post=7918"}],"version-history":[{"count":4,"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/pages\/7918\/revisions"}],"predecessor-version":[{"id":7923,"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/pages\/7918\/revisions\/7923"}],"wp:attachment":[{"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/media?parent=7918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}