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Company Formation Czech Republic

Company Formation Czech Republic

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Articles

Open a Merchant Account in the Czech Republic

Updated on Monday 26th June 2017

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Open-a-Merchant-Account-in-the-Czech-Republic.jpgThe merchant account in the Czech Republic is a necessary financial tool required for companies which sell various products and services on the local market. The merchant account is a compulsory means of performing payments for online businesses, but it can also be used by traditional companies. Those interested in opening a company in Czech Republic should know that the legislation in the field allows for the registration of high risk merchant accounts, which can be established by companies that have met various financial difficulties. Our team of company formation representatives in Czech Republic can provide assistance on the types of merchant accounts that can be set up here. 
 

Types of merchant accounts in the Czech Republic  

 
Depending on the business activities of the company operating in Czech Republic, the investors may set up one of the following types of merchant accounts:
 
e-commerce merchant account
high-risk merchant account
MOTO merchant account
 
Investors who are interested in starting the procedure of company formation in Czech Republic in the online environment will need to establish an e-commerce merchant account, which generally imposes smaller fees for the company’s transactions
 
The high-risk merchant account in Czech Republic will impose larger fees and it can be set up by companies which operate in specific industries, such as the gambling sector.
 
Our team of company formation agents in Czech Republic can provide more details on this subject, as well as on the documents that should be provided by the investors. 
 

The advantages of a Czech merchant account  

 
Foreign investors who are starting the procedure of company registration in Czech Republic may also set up a merchant account, which will provide them a supplementary manner to increase the value of their daily transactions (most of the businesses are performing their daily operations by accepting cash). The merchant account can offer the possibility of accepting payments from the following entities: 
 
local customers;
European customers;
international customers. 
 
For more details on the Czech merchant accounts, foreign investors are invited to contact our team of company formation experts in Czech Republic, who can represent businessmen in this procedure. 
 

Comments

  • Brad 2017-06-24

    Hello! I am interested in finding out what are the costs associated with the opening of an e-commerce merchant account.

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