APPLIED

DENIED

APPROVED

Client apply for a merchant account

Client apply for a merchant account

Merchant fill up an online application form and upload all the necessary documents online at PaymentNetworks.

Application forwarded to bank

Once the completed application is received by PaymentNetworks, we Immediately start the due diligence and forward it to the appropriate bank.

Receive updates from bank

PaymentNetworks  has to wait until the bank's update on the merchants application account.

Request KYC mid documents

PaymentNetworks might request more KYC documents in order to get the mid approved by the bank.

Merchant identification number issued

PaymentNetworks received the mid credentials from the bank and sending welcome email to merchant .