High Risk Merchant Account In Hong Kong With Fast Setup
If your merchant account application was declined by a local bank or payment processor in Hong Kong, you may need a high risk merchant account. With this type of account, you can accept credit and debit card payments, as well as other alternative payment methods. QuadraPay has extensive experience in assisting companies with high risk merchant accounts in Hong Kong.
These accounts are particularly suitable for businesses that have difficulty obtaining regular merchant accounts. With our high-quality payment solutions, businesses can easily accept transactions from customers located in different countries across the globe, truly making your Hong Kong company a global enterprise.
Merchants operating in industries such as electronic cigarettes, cigars, tobacco, and CBD oil can find this solution extremely beneficial. Additionally, businesses with very high sales volume may also find these solutions highly accommodating. Our processing partners implement various tools to reduce the risk, including proactive monitoring of merchant accounts and implementing various checks and measures to reduce fraud.
Application Process of High Risk Merchant Account in Hong Kong
We believe in making things simple for merchants, which is why we follow a straightforward approach to application processing. When you visit our website, you’ll find a short form where you can provide basic information about your requirements. Our team will review this information, and if your product can be serviced, we’ll send you an additional email requesting further details, including company KYC documents and details about your business website. Once we have all the necessary KYC documents, we’ll send this information to our processing partners for further underwriting.
If your application is found to be fit, you’ll receive an offer. You’re free to review the offer and negotiate if necessary. Once everything is finalized, you’ll gain access to the gateway for integration. Our solution generally comes with ready-to-use plugins for well-known shopping carts like Joomla, Magento, and WordPress.
KYC Documentation for High Risk Merchant Account in Hong Kong
When applying for a high risk merchant account in Hong Kong, you’ll be expected to provide KYC documents. These include basic business documents and personal documents of the director. Business documents include the business registration certificate, utility bill of the company, business bank statement, and, if applicable, the last four months of processing statements.
For director identification, you’ll need to submit a passport copy or driver’s license. Additionally, for an online payment gateway in Hong Kong, you’ll need to submit the domain WHOIS certificate to confirm ownership of the domain name.
Timeline for Approval and Activation of the Merchant Account
The approval timeline for the merchant account depends on various factors. Merchants in the lower risk category can expect approval within a week, while those in high-risk categories may take one to two weeks, depending on the profile. It’s essential to stay in constant touch with the underwriting team to minimize the timeline.
If additional documents are requested, promptly supply them. We’re here to support you throughout the application process. If you encounter any issues or don’t have access to specific documents, alternative options can be explored. Our objective is to ensure you get access to a high-risk merchant account for your Hong Kong business as soon as possible.
Apply Today For A High Risk Merchant Account In HongKong
So, what are you waiting for? It’s time to contact us so that we can assist you as soon as possible. All you have to do is send us the basic information about your requirements, and then one of our team representatives, skilled in assisting high-risk merchants like you, will contact you and let you know what additional information is required.
Remember, high-risk merchant accounts are very much possible for most industries; however, the right approach to seeking one is important. Also, you need the right consultant who works hand in hand with you, and that consultant is us. We believe in the growth of your business, and our commitment to that belief is reflected in what we do. Apply today for a high-risk merchant account in Hong Kong.
