The merchant account in Luxembourg
is necessary for the payment procedure
and it must be established by online businesses
operating in this country. At the same time, investors interested in opening a company in Luxembourg
as a traditional business
can also set up a merchant account
, as a manner through which the respective business may increase the value of its commercial transactions
. The advantages of the merchant account in Luxembourg
refers to the fact that it can accept both credit and debit cards
, provided by numerous local and international banks. Our team of company formation representatives in Luxembourg
can offer assistance on the registration procedure.
Types of merchant accounts in Luxembourg
The procedure of company formation in Luxembourg
for online companies
will require a merchant account
, as payments
can be easily performed through this options.
Luxembourg accepts a wide range of merchant accounts, such as:
• internet merchant accounts;
• retail merchant accounts;
• smart phone credit card processing;
• phone merchant accounts;
• mail merchant accounts;
• wireless merchant accounts;
• high risk merchant accounts.
A Swiss merchant account will be set up between three main entities:
• the service provider;
• a local bank in Luxembourg.
Merchant account: important aspects
Most of the companies requiring a merchant account will need to conclude a contract with the service provider for a period of two-three years. However, if the applicant may consider that the merchant account is no longer useful, he or she can require a cancellation, which will also incur the payment of a small cancellation fee.
Investors interested in company registration in Luxembourg
as an online business
should first verify if their website
(especially the online shopping cart
) is compatible with the payment gateway
used by the service provider.