How can I open a merchant account?

Opening a merchant account is easy and can be done online from the comfort of your laptop, phone or tablet.

Please establish contact with any of our authorised agents. An email containing a registration link will be sent by a 247pay agent, and you just need to follow the step by step instructions.

What details do I need to provide to complete my account registration?

Here is the information which you will need to fill when onboarding:

Login details 

• E-mail with which you will sign in
• Password – it must contain at least 8 characters, a lower and an upper-case letter and a special symbol
• Mobile phone number – for urgent communication and verification purposes

Your personal details 

• name, last name, date of birth, citizenship and your place of birth 

Business details 

• General information about the activity, address, registered company number and name
• Legal form of your company – as per local corporate law
• Director details – in case you are not a director and are an authorised person, please provide us with a document to verify your authorisation, such as a Power of Attorney.

Additional details

• What you intend to use the account for, what is your main source of income, what is the annual anticipated turnover, what is the average transaction amount you expect, do you have any websites or other online presence, such as social media profiles or other online directories?
• The referral code box is to be filled if the signup is completed together with a myPOS distributor or if your myPOS device was purchased from a myPOS distributor.
• Once you complete the signup form, you will receive a confirmation email to the provided email address. Follow the link in the email to confirm your address. Next step – a short online identification in order to verify your identity.