Who can open a merchant account?

If you want to open a merchant account, your eligibility depends on two factors: your registration status and the location of your entity.

You must have a registered business or legal entity because merchant accounts are not available to individuals. To qualify for a merchant account, you have a company limited by shares, a general or limited partnership, a mutual association, a sports or religious organisation, or a charity, or you could be a sole proprietor.

The location of your entity is important because merchant account providers (also called acquiring banks or acquirers) are licensed by region. CardCorp partners with acquirers in the UK and European Economic Area (EEA), which means to qualify for a CardCorp merchant account, your business or legal entity must be located in the UK, the EU, Monaco, Norway or Switzerland. If your organisation is based elsewhere, you will need to find a local provider in your region.

Not a CardCorp merchant yet? Visit our website and chat with our team for a free business assessment and pre-approval of your merchant account.