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

 

[EliasIT]

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

 

[troubled soul]

Yes
It is on official website

 

[EliasIT]

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

 

[BusinessOne]

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]

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

 

[EliasIT]

Thanks that is good to know indeed.