EU Merchant Account

Obtaining An EU Merchant Account

Although the implementation of the Euro has lessened the issue within the countries that have adopted it, the large number of currencies that businesses within the EU have to deal with can cause many issues. Accepting funds from a vast range of different customers all with different currencies can become a logistical nightmare, and with many more businesses starting up than ever before, there are many people looking for a viable solution to the issue, with the EU merchant account being the simplest and most effective solution available.

With the world economy still retaining volatility and currencies seeing values rise and fall significantly in short periods of time, being able to insulate a business from the vagaries of currency fluctuations is imperative. The EU merchant account can do that by ensuring that once a payment is made the funds are kept in a single currency, the one the business deals in normally. In addition, being able to accept card payments online could be viewed as an essential component of today’s market, with online retail growing rapidly across the world, and an EU merchant account adds the ability to accept card payments from anywhere in this rapidly expanding market.

The good news is that obtaining an EU merchant account is not difficult, although many businesses shy away from the idea thinking it costly and complicated, which is simply not the case today. Many providers will offer an EU merchant account with no upfront fees, and the application process is a simple matter, with a credit check and proof of identity all that is usually required. For businesses that sell certain types of product that require government licenses or have other restrictions, evidence of complying with those laws, such as a valid license, would also be required, but in general, the process of obtaining an EU Merchant account is very straightforward.

The cost of an EU merchant account is covered in two components, an ongoing, per transaction fee along with either an annual or monthly fee for the account itself. These costs vary between providers, so it is always important to thoroughly research the options available to ensure the best deal for each individual business is found. The other financial aspect that must be considered is payment delay, this is how long a business has to wait before it can access funds paid to it in sales. There is a delay here to allow for chargebacks and so forth, however the precise duration does vary amongst providers, and so the aim for any business will be to find the EU merchant account that offers the best balance between the costs and delays that suit them best.

For catering to online sales, dealing with multiple currencies in a manner that reduces risks and ensuring that any business can access the wider markets out connected world makes possible, the EU merchant account provides an elegant, straightforward and easy to access solution.

Get started today: [ APPLY FOR AN EUROPEAN MERCHANT ACCOUNT ]