merchant account Archives | CoinPayments Blog

Your Start with CoinPayments – Completing Your Verification Processes

April 26, 2024September 20, 2024 Andrew Bourgh

CoinPayments Verification Tiers Explained

At CoinPayments, ensuring the security and compliance of our platform is a top priority. We require all users to complete Identity Verification to achieve this. This process helps us meet regulatory requirements and protects our users from potential fraud and financial crimes. To streamline the verification process, we’ve partnered with leading verification platforms, SumSub and RiskScreen (now KYC360), trusted by top financial institutions worldwide. These platforms fully comply with GDPR and other data protection regulations, ensuring your information is secure and private. We understand that verification can sometimes be daunting,…

What is a Merchant Account and How to Open One

September 15, 2021September 18, 2021 CoinPayments

Merchant Accounts Defined Understanding all the complexities of business management isn’t easy. But a merchant account is essential for running a smooth and secure establishment. A traditional merchant account is a commercial bank account specifically for businesses to make and accept electronic payments. Essentially, merchant accounts allow companies to accept credit and debit card transactions, among other forms of electronic payments. But how exactly does a merchant transaction work? And why is a merchant account needed for a business to accept electronic payments? How Does a Merchant Account Work? When…