In order to open a merchant account in Spain, the applicant, which has to be represented by a legal entity, must provide a set of corporate documents. Our team of company formation agents in Spain can offer advice on the procedure, as well as on the most suitable type of merchant account that should be set up for a certain business activity. Investors interested in company formation in Spain are advised to open a merchant account in the situation in which they have a high volume of daily financial transactions. At the same time, this type of account is necessary for online businesses operating in this country.
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Investors who want to open a company in Spain which operates as a traditional business can set up a merchant account in order to maximize the level of transactions, which are customarily processed through cash payments. Commercial operators who carry their business activities in the online environment are required to establish an online gateway payment procedure and they may choose one of the following types of merchant accounts:
One of the first aspects that should be completed in this sense is to verify if the online shop of the respective company is compatible with the online systems used by the service provider. Spain offers numerous options in this sense and our team of company formation representatives can offer in-depth assistance on this matter.
The registration of a merchant account in Spain will be completed together with a local bank and with the service provider. The procedure of company registration in Spain in this sense stipulates that the requesting company will provide the following documents:
Businessmen can find out more details on the subject, including on the types of fees applicable to each transaction which can vary depending on the chosen merchant account, from our team of company registration consultants in Spain. Please contact our experts in company formation in Spain for assistance on this matter.