What is a merchant account?


A merchant account is a modern e-commerce solution for accepting payments. It is necessary for a structured B2C business, including through non-resident companies abroad. This is not necessarily about online sales; opening a merchant account will also be required for offline trading. Usually, online stores, online casinos, and online game operators need to open merchant accounts.




Without opening a merchant account, it is no longer possible to imagine a single online business or marketplace. This is the key to the global consumer market for your goods or services. It allows you to accept payments around the clock from around the world, regardless of the working hours of the banking institution. Customers can pay at night, on a public holiday, and still the payment will arrive promptly and on time. Operating a business without borders and 24/7 – isn’t that what every entrepreneur wants?


Contact Paywise today for more information!