Below is the full list of criteria to be met when applying for a ABSA Multi-Currency Merchant Account:
Must have a physical business address location for a site visit by ABSA, to confirm that business location
Proof of stock by way of copy of latest suppliers’ invoice or signed drop ship agreement
Minimum Business Requirements
· Clear & sound business record
· No products/services deemed unsuitable
· Merchants are selected according to viability of business plan, financial practice of business and owners
Minimum Website Requirements
· Fully Developed Website
· Business Trading Address & Contact Details to be displayed on website
· Refund Policy to be displayed on website
· IP Address
· Web Developer Contact Name & Number
Documentation Required
· Company Registration and ownership documentation
· Identity Documents of all directors / members / owners
· VAT certificate
· Business plan
· Service level agreement with couriers
If the site is not ready, please can you provide a test link for us to verify the requirements below
• Conduct virtual site visit
• A screenshot of the site must be saved with the application
• Validate security protocols on the merchant’s website and confirm that these protocols meet the minimum security standards as required for PCI (protecting Cardholder Inforamtion).
• Validate help facilities
• Validate description of goods and/or services
• Validate e-mail address, telephone and fax numbers in the event of a dispute.
• Validate privacy statement if any on web-sites regarding disputes/conflict
• Validate return/refund policy on the web-site