The
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
• 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.
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.