Opening a Merchant Account

What information do I need to provide to get a merchant account?

In order to get a merchant account with us, we require the following information from you in the online application form.

1. Company information

We require the following company information from you:

• Country
• Registration number
• Company name
• Company phone number and e-mail

Non-Danish companies

If you have a non-Danish company, we require additional information:

• A photo/scan of your registration paper containing:

  • Company registration number
  • Company name
  • Name(s) and address(es) of the owner(s) of the company

Why do we ask about this? According to anti-money laundering regulations, we are obliged to know the company we are doing business with.

2. Director’s information

We require the following director information from you:

• Name
• Social security number
• Identity legitimation (a photo/scan of your driver’s license, or a photo/scan of your passport)
• Address legitimation (a photo/scan of your national ID)
• Only in Denmark. We also accept a photo/scan of your CPR, or a print screen of the address present on borger.dk

Why do we ask about this? According to anti-money laundering regulations, we are obliged to know your company’s top management.

3. Company ownership

Select ownership type:

• The merchant is a sole proprietorship owned by the director
• The merchant is a sole proprietorship not owned by the director
• One or more owners are holding a direct or indirect share of more than 25%
• No owners are holding a direct or indirect share of more than 25%

Why do we ask about this? According to anti-money laundering regulations, we are obliged to know who owns (directly or indirectly) more than 25% of your company.

4. Website information

Read this article for more information: What are the requirements for my webshop?

5. Business Model

Describe your company’s business model.

• Make a short explanation of what you are going to sell in your webshop.

  • Example: My shop will sell clothes and toys for children.

• Trading name

  • Some companies market their business under a different name than their company’s registered legal name.
  • Example: “Royal Dutch Shell, PLC” is marketed as “Shell”.

• Recurring transactions

  • Let us know whether you offer products/services in exchange for monthly/quarterly/annual etc. payments:
  • Example: Your customers pay you 30€ each month for their magazine subscription.

Why do we ask about this? We would like to get to know and understand your business better, in order to offer you our best possible service.

6. Bank account

Specify bank account details.

• Currency of the account
• Swift code (BIC)
• IBAN number

Why do we ask about this? With Clearhaus, you can accept money from your customers in any currency. We then pay you in DKK, SEK, NOK, EUR, USD, GBP, CHF, CZK, RON, HUF or PLN.