Open a Merchant Account in Russia

A merchant account in Russia is a type of bank account that is used by businesses which perform debit and credit transactions. Investors who want to open a company in Russia will require a merchant account, especially if they are carrying their business operations through a website. When setting up a merchant account in Russia, the investors may choose from a wide variety of accounts, depending on their business activities. Our team of company formation agents in Russia can offer in-depth assistance for the procedure of opening a merchant account. 

 

 

A merchant account provides numerous advantages to the investors, which can vary depending on the provider of services with which the company will collaborate. Investors who are interested to start the procedure of company formation in Russia will need a merchant account for a large variety of business activities. It is also important to know that the provider of services will apply various fees, which can be imposed per transaction or on a monthly basis. 

 

There are several types of merchants accounts that can be set up in numerous jurisdictions, including Russia. The main types are the following: 

 

• pharmacy merchant accounts;

• adult merchant accounts;

• replica merchant accounts;

• offshore merchant account;

• credit card processing merchant account;

• high risk merchant account;

• low risk merchant account;

• e-commerce merchant account. 

 

One of the main advantages of a merchant account in Russia refers to the fact that the financial service provider will accept most of the credit and debit cards and will approve the transaction in real time. Our team of company formation representatives in Russia can offer further information on the advantages of a merchant account. 

 

 

When performing online activities, the procedure of company registration in Russia will require a merchant account, if the respective website sells various products or services. The provider of the merchant account will offer fraud protection for each transaction and, as a general rule, the fees incurred are very low. 

 

Businessmen are invited to contact our team of company formation consultants in Russia for more details on the procedure of opening a merchant account.