Can a sole proprietor get a merchant account?

To accept card payments, you need a merchant account, but merchant accounts are only available to registered businesses, not individuals. This means you must apply as a registered business entity to qualify.

If you run a one-person operation, you've most likely registered as a sole proprietor. Every EEA jurisdiction offers some form of this registration: the UK's sole trader is equivalent to Spain's Autónomo or Romania's PFA (Persoană Fizică Autorizată). The name varies by country, but the structure is essentially the same — and it qualifies you to open a merchant account.

Registering as a sole proprietor establishes your identity with tax, VAT, and pension authorities. Depending on your business model, additional registrations may also be required.

When applying for a merchant account, you'll need to provide your registration certificate, plus a business name registration certificate if you trade under a name other than your own. As with any business applicant, you'll also need to demonstrate to the acquirer that your business is viable and operating legally.

Always get proper legal and accounting advice when setting up any business, regardless of your business type and location. To get started on your merchant account application, contact CardCorp. Visit our website and chat with our team for a free assessment of your business and merchant account pre-approval.