Make money online
with Satchel

Open merchant account
Laptop and mobile for merchant account

Multiple solutions for
e-commerce

When it comes to merchant account opening, traditional banks impose a series of rules and requirements, making the process lengthy and complicated. Satchel offers the same payment processing and credit card acceptance services as banks, only with faster account opening and additional security features.

Accept card payments in 20 currencies

Your customers can now enjoy simple and fast payments in their preferred currency

Stay on track with precise reporting

Generate reports on your merchant account activity for a detailed analysis and comprehensive overview

Accelerate launch with APIs

With a fast integration process, you can get started right away and take full advantage of the solution’s functionality

Ensure full security

Our PCI DSS Level 1 security certificate ensures that our solution meets the latest industry standards, making your business 100% secure

How it works

1

Fill out and submit the online form below.

2

We will process the form remotely within one business day.

3

Our sales manager will contact you to provide details about the next steps.

Merchant pre-check form

Please complete this form in full, determining whether we can help you obtain a credit card merchant account. If your pre-check is approved, you will be informed about the next application steps.

    1 UBO (Ultimate Beneficial Owner) is a natural person owning (part of) the company.

    Transaction history

    Number of chargebacks

    Chargeback-to-sale ratio (%)

    FAQ

    What is a merchant account?

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    A merchant account is a type of commercial bank account that allows e-commerce companies to accept and process digital payments for goods and services. Merchant accounts are essential for online businesses, allowing them to partner with institutions that facilitate all electronic payment transactions. For more insights about merchant accounts, please read our dedicated blog post.

    How do I get a merchant account?

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    If you are a business owner, all you have to do is find the right provider and submit an application for account opening. From the first sight, it works just like opening a regular bank account but there are nuances that make the process slightly different. Merchant banks or service providers evaluate a number of factors during the screening process, including the amount of time a firm has been in the market, financial and credit history, as well as the possession of any merchant accounts in the past. Credit card fraud is one of the biggest concerns in the industry, so banks and fintech companies will run a compliance check and audit your AML and anti-fraud policies and mechanisms in place.

    If you want to open a merchant account with Satchel, the first step is submitting an online merchant pre-check form, which will help us determine whether we can help you obtain a credit card merchant account. If your pre-check is approved, you will be informed about the next application steps.

    Is a merchant account the same as a bank account?

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    Yes, a merchant account is a bank account that serves the needs of e-commerce businesses, allowing them to accept credit cards and other forms of digital payments from their customers.

    What is an example of a merchant?

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    A merchant is a business entity that is engaged in selling or trading goods in digital or physical locations. A typical example of a merchant is a wholesaler or an e-commerce store. Find out more about the advantages of a merchant account in our dedicated blog post. Find out more about the advantages of a merchant account.

    We’re always here for you

    For questions and technical support, please visit our FAQ page or contact us via phone, email or app chat.