Merchant Account Creation
Under anti-money laundering regulations, we are required to know companies with which we do business with. In order to provide you with the best possible service, we would like to get to know your company.
In order to get a merchant account with us, we require the following information from you:
This process must be carried out in order to activate the payment provider Payrexx Direct and Payrexx Swiss Collecting.
- Company name
- Company phone number and e-mail
- Type of business
- Country your company is based in
- Registration number
We require the following information from the business owner himself, a shareholder, a member of the board of directors or someone with significant management responsibility.
- Name
- Address
- Address legitimation
- Date of birth
- Telephone number and e-mail address
- Identity legitimation (a photo/scan of your driver’s license, passport or ID). We only accept valid documents in jpg or png format.
- Social security number
Due to regulations, we are required to collect information on individuals of the Company. Please list all individuals who are either owners, officers or directors. Business owners are individuals with ownership interest in the business of 25% or more. Managers are individuals who have significant control over business finances and operations (CEO, CFO, COO, or similar). Directors are members of the Board of Directors or are otherwise responsible for ensuring that the business meets regulatory obligations.
We need information about what you sell and what services you offer.
- Description of what you will sell in your shop.
- Estimated sales revenue
- Company name
- Recurring transactions: Let us know if you need products/services in exchange for monthly, quarterly, yearly etc. payments.
- Link to your website (if available)
Important: For security reasons, we cannot accept high-risk Businesses. A list of unsupported business models can be found under the following links:
Specify the following information about your bank account:
- Account currency
- Bank country
- Swift code (BIC)
- IBAN number
With Payrexx, you can accept money from your customers in all currencies, for which we need your bank account details.
After you have provided all the information and documents, our Onboarding-Team will take your request and hopefully verify your account.
All requests submitted before 16:00 on workdays will be answered the same day!
More about the process of verification can be found here:
Last modified 6mo ago