Payrexx Direct: Opening a Merchant Account

What information do I need to provide to get a merchant account?

In order to get a merchant account with us, we require the following information from you .


Company information

We require the following company information from you:

  • Company name
  • Company phone number and e-mail
  • Type of business
  • Country
  • Registration number

Why do we ask about this? 
According to anti-money laundering regulations, we are obliged to know the company we are doing business with.


Personal details

We require the following information from the business owner himself, a shareholder, a member of the board of directors or someone with significant management responsibility.

  • Name
  • Address
  • Address legitiomation
  • Date of birth
  • Telephone number and e-mail address
  • Identity legitimation (a photo/scan of your driver’s license, or a photo/scan of your passport). We only accept valid documents in jpg or png format.
  • Social security number

Why do we ask about this? 

According to anti-money laundering regulations, we are obliged to know your company’s top management.


Product specifications

We need information about what you sell and what services you offer.

  • Description of what you will sell in your shop.
  • Estimated sales revenue
  • Company name
  • Recurring transactions: Let us know if you need products/services in exchange for monthly, quarterly, yearly, etc. payments.
  • Link to website (if available)

Important: For security reasons we cannot accept High Risk Business. A list of unsupported business models can be found under the following link: Unsupported business models


Bank account details

Specify the following information about your bank account:

  • Account currency
  • Bank country
  • Swift code (BIC)
  • IBAN number

Why do we ask about this? 

With Payrexx, you can accept money from your customers in all currencies, for which we need your bank account details.

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