A merchant account in Ireland refers to a payment tool that can be used by both traditional and online businesses. Investors who want to start the procedure of Irish company formation for an online business that sells goods and services will need to establish a merchant account for their online shop. One of the main advantages of a merchant account is that it can accept payments from a wide category of credit cards, thus increasing the possibility of performing more daily transactions. Our team of Irish company formation representatives can provide full assistance on the documents investors must submit when opening an Irish merchant account.
Advantages of the Irish merchant account
Businessmen who perform their business activitiy in the online environment will need to accept credit card payments. In this sense, the website will need the following tools:
• a payments gateway;
• an online merchant account.
There are numerous payments gateway providers and payment processors in Ireland, which can offer various types of services, but it is important to know that, regardless of the service provider chosen in this case, all online companies will benefit from a secure server that will be able to accept the payments. Our team of agents in Ireland can offer more details on the main benefits of a merchant account.
Financial services of a merchant account in Ireland – presented by our Irish company formation agents
A merchant account can offer numerous advantages for the investors who want to start the procedure of company registration in Ireland. An online business that will set up a merchant account will benefit from the following:
• a wide range of credit cards accepted for online transactions;
• transactions performed through credit and debit cards;
• payment services for local and international transactions;
• banking services for the merchants.
Documents for setting up an Irish merchant account
The registration of a merchant account is represents an optional means performing transactions for traditional businesses, but more and more companies offer this service as well, besides the traditional cash transactions. In the case of an online business, this is a compulsory requirement and investors who want to start the company registration in Ireland should provide the following documents when opening a merchant account:
• company’s statutory documents;
• corporate bank account statements;
• a copy of the valid passports of the company’s owners and directors;
• company’s owners and directors addresses;
• the company’s business plan.
Please contact our team of Irish company formation experts, who can offer more details on the fees incurred by this procedure.