Merchant account consulting that supports you and your business
We connect you to a world of trusted merchant services that provide the best-suited option for your Singapore business.
Get the access you need to accept payments anywhere, any way around the world.
Let's walk you through the basics
What is a merchant account?
Merchant Account is a special bank account, which is provided by a merchant services provider.
This type of account is established for business purposes, allowing your company to process card-based sales and electronic payments. For instance credit and debit cards payment, contactless, and other forms of eCommerce transaction.
Why need a merchant account?
Having a merchant account is very important if you want to give customers more check-out choices and better payment experiences.
Nothing could be more bothersome if your customers have to send checks or wire transfers when they’re buying from you.
Opening an merchant account helps you keep that competitive edge and grow your customer relationships.
Setting up online store
Launch your fully-hosted online store, and reach more customers.
Optimizing payment option
Improve your customer experience by letting them pay the way they want.
Securing transaction
Protect yourself from fraud across sale channels with trusted merchant service providers.
Why choose BBCIncorp as your merchant account support?
Even with the best merchant services, you can still experience issues and troubles.
This is where you need us. We act as connection between you and your account provider, keeping an eye on both end. So you can be sure to have a simple, stress-free experience.
Dedicated and responsive support
Get the support, expert advice, and guidance for any difficulties you might encounter.
Broad partnership network
Simply and flexibly connect with our broad network of merchant partners, available at your fingertips
Transparent pricing
Only pay for what you need with our customized pricing that perfectly fit your styles and budgets, no hidden charges guaranteed.
Start your merchant account - easily and securely
Identify your business objectives and requirements
Apply for a merchant account with a suitable merchant service provider
Integrate a payment gateway into all your sale channels
Test your integration before going live
Start accepting payments and managing accounts your way
Required documents to register a
merchant account
Preparing documents for account registration can be confusing, so we’re here to give you an essential checklist.
Application form
A scanned copy of passport of the person who will represent your company
Your company profiles together with company incorporation certificate
Bank account information
**Please note that the country where you incorporate company and open bank account must be the same.
Frequently Asked Questions
What are the differences between a merchant account and a payment gateway?
A merchant account functions like a bank account.
Let's say a customer pays for your product or service with a credit card. This payment will first be deposited into your merchant account. From there, it will be transferred to your main business bank account.
On the other side, the payment gateway works like a platform for authorization. It processes transactions and direct payments from one account to another.
What type of costs are involved in setting up a merchant account?
You will pay a small one-time application fee to open your account.
During the operation of your merchant account, you'll pay extra fees to service providers. These fees include:
- Monthly maintenance fee
- Transaction fee
- Credit card processing fee
- Equipment fee
What merchant service providers do BBCIncorp deal with?
BBCIncorp currently partners with Stripe and Paypal. They are both big players in the field and easy to work with.
How long to open a merchant account for my company?
It normally takes 1 to 2 working days to approve your merchant account.
