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Banking & Financial Accounts

Philippines Merchant & Business Payment Services

Philippines

Help eligible Philippines businesses arrange card, online and merchant payment facilities through suitable third-party providers.

Philippines has established merchant and business-payment services for companies taking customer payments in person, online or through mobile channels.

For an application in the Philippines, Coutts Consultants can help identify a suitable third-party payment route and prepare the business information required for merchant onboarding.

Choose the payment setup around the business

For an application in the Philippines, different businesses need different ways to take payment, from terminals and QR payments to online checkout and mobile acceptance.

We look at customer behaviour, transaction values and sales channels before considering the provider route.

What the provider will consider

Providers can ask about products, trading history, refunds, chargebacks, customer locations and fulfilment.

New businesses may need forecasts and website information.

Local and international payments

Payment methods and settlement arrangements vary between markets and providers.

We focus on facilities that fit the genuine customer base and transaction profile.

How Coutts Consultants can help

We prepare the merchant application and introduce the business to a suitable provider where available.

The provider decides acceptance, pricing, settlement and any reserve requirements.

Service details

Why choose Coutts Consultants

Coutts Consultants helps eligible clients in Philippines prepare a clear banking application and introduces them to suitable third-party providers where available.

What is included

  • Merchant needs review
  • Payment-channel assessment
  • Application preparation
  • Provider introduction
  • Onboarding support

Benefits

  • Provider matched to trading model
  • Local and online payments considered
  • Application organised clearly
  • Help through merchant onboarding

Requirements

  • Lawful business activity
  • Clear product or service offering
  • Suitable KYC information
  • Trading/website information where relevant
  • Provider underwriting acceptance

Documents required

  • Company and KYC documents
  • Website/trading information
  • Turnover and transaction estimates
  • Refund/fulfilment information
  • Processing history where available

How it works

  1. 01Discuss the banking requirement
  2. 02Review the company or client information
  3. 03Prepare the application
  4. 04Identify a suitable provider
  5. 05Make the introduction
  6. 06Assist through onboarding

Timescale

Timing depends on the provider, client profile and complexity of the application.

Ready when you are

Ready to discuss your international business requirements?

Tell us what you are looking to achieve and we will help you identify the appropriate jurisdiction, structure or service.