Amald has spent the last few years working in the fintech industry and have gained a renowned image. We’ve given merchants a new way to do business. We provide the best services to merchants doing online business all over the world.
Every entrepreneur hopes to expand his or her business globally so that he or she can gain a large customer base from other countries as well. A merchant is a person or company in the business of selling goods and services. An online merchant is someone who sells goods and services over the internet.
The selling of goods and services must require a payment system and for accepting those payments from customer smoothly, every merchant needs a bank account which is known as a merchant account.
What is a merchant account?
A merchant account is a type of business bank account that enables businesses to accept and receive payments via credit cards and other electronic means. It is necessary for a merchant to work with an acquiring bank to ensure that everything goes smoothly during an online payment.
Key points about merchant account-
Process Of Obtaining a Merchant Account
Before beginning the process of obtaining a merchant account, a merchant should show the banks its business licenses and other important documents. Furthermore, they should provide accurate and up-to-date information about the company’s profits or sales volume.
Merchants will receive the terms and conditions along with their merchant account application paperwork. They should read all of the terms and conditions before proceeding. It is also critical to clarify and comprehend each clause in the agreement.
It appears to be a complicated process, which is why it is preferable to work with a payment service provider who will relieve you of the burden of running from place to place to obtain a payment services.
A merchant service provider, such as Amald, will provide you with a streamlined and integrated solution for accepting payments from anywhere in the world. They will also implement risk management strategies for you so that you do not have to worry about fraud.
Benefits of obtaining a merchant account–
Acceptance of debit and credit cards-
Having a account allows you to accept payments from customers using debit and credit cards. Cards have recently become the most popular mode of payment for customers all over the world, both for online and in-store purchases. Merchant accounts encourage hassle-free payments for both merchants and customers.
High end security
This can be a major concern for both merchants and customers. Integrating a PCI DSS compliance level of security with your payment gateway can also reassure customers, allowing them to initiate payments without fear of fraud or malicious interruptions. This also aids in fraud detection and keeps customers’ credit card information secure.
Acceptance of worldwide currencies
Every company desires to have a global presence. As a result of having a business account, merchants will be able to accept and receive payments in multiple currencies. Customers can pay in their own currencies, and they will return to buy from the same merchant again and again.
Funds management
Managing funds can be difficult for merchants at times. However, using a bank account will allow merchants to easily manage their cash inflows and outflows. You will receive monthly statements detailing the transactions that were made and occurred using which payment method and in which currencies.
Our Specialty
Amald is merchant service providers who are dedicated to removing all impediments to increasing your profits. We work with businesses to provide the best solutions possible.
We are a big name because –
Solutions we offer-
Industries we work with
We are expert consultants in the provision of merchant and payment solutions to both high and low risk merchants. We primarily work with merchants who have been tagged as “high-risk” due to their transaction and chargeback history.
Industries who are our clients
If you are a merchant from the list above and are looking for merchant services, please let us know so that we can alleviate your burden.
