A merchant account in Czech Republic
is necessary for most of the businesses operating in this country, as it provides a means through which the companies can increase the value of their daily transactions. A Czech merchant account
allows debit and credit card transactions
and it also offers a tool for preventing the usage of conterfeit money. Our team of lawyers in Czech Republic
can provide legal assistance on the main requirements when setting up a merchant account
in this country.
Types of merchant accounts in Czech Republic
• e-commerce merchant account;
• high-risk merchant account;
• MOTO merchant account.
These types of merchant accounts
impose different types of fees. For example, the fees applicable to the transactions carried out through a high-risk merchant account
are higher than in the case of e-commerce transactions
, which can refer to a wide range of businesses operating in the online environment
. At the same time, high-risk merchant accounts
may be set up by companies in Czech Republic
which have encountered various financial difficulties
, such as bankruptcies. Our team of Czech lawyers
can provide further details on other types of situations suitable for a high-risk merchant account
The MOTO merchant account is of interest for the businessmen who carry their operations in Czech Republic through mail or phone orders.
The European merchant account in Czech Republic
Companies in Czech Republic
should open a European merchant account
. This type of account
is available for all types of companies
operating in the European Union (EU)
and European Economic Area (EEA)
will enable the Czech company
to accept transactions
performed on the territory of the country, but it will also accept international payments
In order to set up a merchant account, the businessman is required to choose one of the service providers available in Czech Republic and a local commercial bank.