Home Art Books Perspective Art News Calendar Art Links About Us
Find more books...
Search above for all categories of Art and Culture books we offer

Looking for books?
Write us...


Customer Login


vietnam paintings drawings

ethnic minorities, daily news updates, gallery links

Vietnam Art Books

Vietnamese Art News, Events, exhibitions

photography, paintings, drawings




THE REQUIREMENT AND PROCESS OF MERCHANT ACCOUNT APPLICATION ELABORATED


Merchants often get stuck in the lengthy requirement and process of merchant account application submission and approval. Merchant account is a service that enables any private entity, corporate business or non-profit organization to receive payments through credit cards or any other electronic payment mode. What makes this process of establishing a merchant account a bit lengthy for the first time applicants that are owner of the existing business merchant service is the lack of knowledge about the exact requirement of documentations while submitting the application to get approval.

Before specifying the requirements of a merchant account set up, let’s have look at how merchant account get the funding from the proof of transaction: The merchant’s bank, where the merchant have the account for acceptance of the electronic transactions, gives merchant an extended line that is virtual terminal/authorize gateway to accept card or wire transactions. Now, whenever the merchant accepts an electronic transaction the bank gets electronic notification, acting as processor bank, they acquires it by submitting the payment to the merchant account, by deducting the transaction fee that is specified at the time of establishment of account.

With the transaction details, the merchant bank requests the transaction’s amount to with the customer’s bank. One thing that merchants should know is: processor gets their charge of the transaction only when they deposit the money to the merchant account. There are few, legal issues (like fraud, authorization mistake, etc) due to which the transactions can be nullified and the processing bank may need to pay the transaction amount back. They will get the dispute amount from the merchant, but only when the merchant is in business.

Here are the general detailed documentations (irrespective of any country) that are required for the merchant account is:

To prove that applicant is the legal resident of the country he/she should have these documents to initiate the application process:

§ Legal presence in the country: The merchant should have a registered Doing Business As name with the local body of the city, state or country.

§ Physical presence: The merchant should have a physical presence of the business place. This physical presence can be the applicant’s home or any office from where the business is being incorporated.

§ An existing personal or business bank account in the country where the applicant is applying for the merchant account.

§

Are you a high volume merchant? Do you process more than $100,000 monthly? Merchant Stronghold can help. We specialize in High Volume and High Risk Merchant Accounts. Contact us today at http://merchantstronghold.com/ or by calling 1-888-622-6875

§ info@merchantstronghold.com

     

Be the first to leave a comment here!

Printer Friendly Version Printer Friendly Version        Email a friend Send this to a Friend

Vietnamese Art News, Events, exhibitions


# 663 E - Vietnamese Painting - From Tradition to Modernity

Vietnamese Painting by Corinne de Ménonville

#722 - Lebadang Spaces
 Vietnamese art, culture and people

#335 - Dinh Quan Lacquer Paintings

 Dinh Quan Lacquer Paintings

#107E - 100 Vietnamese Painters and Sculptors of the 20th Century
Special Offer

100 Vietnamese Painters and Sculptors of the 20th Century

#114 - VietNam Ceramics
Special Offer

photography, paintings, drawings

# 105 - Vietnamese Contemporary Art
Special Offer

Vietnamese Contemporary Art

#208 - Bui Xuan Phai - The life and works

 Vietnam Art Book

#346 - Vietnam's Award Winning Photography
Special Offer

Vietnam's Award Winning Photography

#401 - The Flower Bo-Nga-Cho-Re Hoa Bo-Nga-Cho-Re

Vietnam Art Books

#628 - Asian Art & Culture - Viet Nam

Asian Art & Culture - Viet Nam



culture and people, Art book
Paintings
Ceramics
Photography
Culture
Artists
Children
Lacquer
Ethnic minorities