A merchant account in Bulgaria
is a necessary tool for businesses which perform financial transactions
. The businessmen who are interested in opening a company in Bulgaria
should know that a merchant account
is used for POS
(point of sale
and for online transactions
performed by using a credit or a debit card. One important aspect investors should know when using the merchant account
refers to the fact that their company
should be registered in Bulgaria
, as the regulations concerning this matter are rather strict in this sense. Our team of company formation agents in Bulgaria
can offer in-depth advice on the requirements for setting up a merchant account
The advantages of a merchant account in Bulgaria
As mentioned above, the merchant account
can be used for traditional and online businesses
. When starting the procedure of company formation in Bulgaria
, it is advisable to establish a merchant account
in the situation in which the business will sell various products and services on the local market, as the investors will have certain advantages.
For example, the merchant account offers a supplementary manner for performing transactions, besides the cash payments. The cashier will no longer need to offer change for a certain transaction, and it also eliminates the possibility of paying with counterfeit money.
Another advantage refers to the fact that the company can increase the level of transactions through the various types of credit cards that can be used on the Bulgarian territory.
If you have planned to open a company in Bulgaria, we suggest you contact our accountants in Bulgaria and benefit from the services offered. A company needs bookkeeping, maintenance of the firm's accounts, audits, tax advice, and compliance. These are among the most important aspects of accounting and it is important to comply with the legislation in this regard.
Types of merchant accounts in Bulgaria
• pharmacy merchant account;
• replica merchant account;
• offshore account;
• high risk merchant account;
• low risk merchant account;
• e-commerce merchant account.
Businessmen can find out further information on the application procedure from our team of company formation consultants in Bulgaria
. Please contact our specialists