The GBO team will be happy to assist you to open your business bank account throughout our wide network of banks, payment processors and financial institutions
High Risk Merchant Account
With a merchant account the account holder receives a bundle of payment processing services including the necessary hardware and software for accepting card transactions. When a customer makes an online purchase from the merchant’s website – the payment gateway facilitates the accepting of the payment details and fraud checks – the funds arrive in the merchant account and when the payment is approved by the payment gateway they are sent to the merchant’s business bank account at an acquiring bank. Merchants have no control over a merchant account, it is simply a holding place for funds until the transaction is approved.