UAE banks -> merchant accounts?

[JamesDonkey]

Do UAE banks allow its clients, in case of business acounts, to open merchant accounts too?

 

[troubled soul]

YEs
Most of the bank offer merchant account. but opening UAE business account is really hard seriously.

https://www.adib.ae/en/business/business-accounts/merchant-accounthttps://rakbank.ae/wps/portal/business-banking/rakbank-payhttps://www.adcb.com/en/business/commercial/merchant-services/https://www.mashreqbank.com/uae/en/...services/merchant-services/mashreq-e-commerce

Last edited: Mar 19, 2022

 

[EliasIT]

You mean a UAE bank will allow the opening of a merchant account at their bank ?

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[troubled soul]

EliasIT said:
You mean a UAE bank will allow the opening of a merchant account at their bank ?
Click to expand...

Yes
It is on official website

 

[EliasIT]

azb1 said:
Yes
It is on official website
Click to expand...

that was new to me. makes it even more interesting with a Dubai company.

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[BusinessOne]

troubled soul said:
YEs
Most of the bank offer merchant account. but opening UAE business account is really hard seriously.

https://www.adib.ae/en/business/business-accounts/merchant-accounthttps://rakbank.ae/wps/portal/business-banking/rakbank-payhttps://www.adcb.com/en/business/commercial/merchant-services/https://www.mashreqbank.com/uae/en/...services/merchant-services/mashreq-e-commerce
Click to expand...

Was anyone here able to get a merchant account with a UAE bank? Or are the requirements too high?

I see most people here promoting third party payment processors, instead of going directly with banks and merchant accounts.

 

[uranium]

BusinessOne said:
Was anyone here able to get a merchant account with a UAE bank? Or are the requirements too high?

I see most people here promoting third party payment processors, instead of going directly with banks and merchant accounts.
Click to expand...

Wio bank has partnership with stripe to accept card payments
I think it is good solution

 

[EliasIT]

uranium said:
Wio bank has partnership with stripe to accept card payments
I think it is good solution
Click to expand...

Thanks that is good to know indeed.

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.