Bitcoin merchant account
Cryptocurrency payments is a new black in electronic commerce. With the rapid development of blockchain technology, the growing number of users want to buy bitcoins using various payment methods, including credit and debit cards. Ikajo International provides bitcoin merchant accounts for all types of cryptocurrency business industries. Using cryptocurrency for marketing digital goods, running a cryptocurrency exchange, or ICO is always easier when you have a bitcoin payment gateway.
What Is Bitcoin Merchant Account?
Bitcoin is the first cryptocurrency. It enables us to send and receive digital money. The most attractive part of Bitcoin is that you can’t use it more than once, and transactions can be processed at any time and from anywhere. Though many other cryptocurrencies have been issued since the creating of the first bitcoin, many people still associate any cryptocurrency with the term’ bitcoin. Getting bitcoin payment gateway and bitcoin merchant account allows customers to pay almost instantly and with a small commission. Moreover, bitcoin and cryptocurrency merchant accounts make purchases more secure for both merchants and buyers.
Special Requirements for Bitcoin Processing
When thinking of applying for a bitcoin merchant account, you have to get ready to prove your good intentions. The biggest issue for acquirers is to avoid money laundering merchants. Thus, they have their own processes of verifications and checks. In order for the check to pass as smoothly as possible and without prolongations, you should include explanations about how you prevent money laundering. All the top crypto businesses have such information in the public domain, so everyone can get familiar with it. Also, in the application, attach a standard package of documents needed to purchase cryptocurrencies. Don’t forget to add a security section, in particular how your company fights fraudulent transactions.
What documents one needs to open a crypto exchange agency merchant account:
Here is a list of documents one should collect to accept payments from crypto exchange agency sales:
- Certificate of Incorporation;
- Payment processing history;
- Local documents as per company jurisdiction which displays company directors and owners;
- Utility bill/Bank statement/Rental agreement under corporate names proving company location;
- Valid ID copies for all company directors and owners.
Website requirements to open a crypto exchange agency merchant account:
To open a crypto-exchange merchant account, you have to make sure that your website contains the following:
- Terms & Conditions Page;
- Name of the company in the footer;
- Contact us button with an email and phone number;
- Deposit & Refund Policy Page;
- Visa and Mastercard logos [in case you offer them as payment methods]
Ikajo International makes payment processing easy and hassle-free. The 15+ years of experience turned us into professionals. We enable crypto exchange merchants’ to open accounts easily as we have multiple acquiring banking partners globally. Contact us today, and we will help you to find a perfect payment solution.
- Payouts worldwide.
- Fast and smooth merchant boarding process, with minimal merchant KYC requirements.
- Very flexible license requirements
- API and HPP integration
- PCI DSS certificate
- Chargeback prevention
- A wide range of payment methods
- 24/7 customer support