In order to easily get a payment gateway for ecommerce business website, it is vital that your ecommerce website should have proper terms & conditions as per your jurisdictions, shipping policy, refund policy, products description, etc. so that it can pass the compliance procedures.
Apart from the website, it is also important to have complete required KYC documents that are required for bank to approve the application.
Some of them are as following:
- Business Registration Documents
- Previous Processing Statements (If you ever processed payments on your website)
- Business and Personal Bank Account Statements
- Utility Bill Dated Within 3 Months At The Time Of Submission
- Passport Or National Photo ID
- Supplier Agreement/ Invoices
If you submit completed website will all required documents to processor for approval then this increases the chances of getting faster approval for merchant account/ payment gateway for ecommerce business.
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