Merchant onboarding | A Online Payment platform

Merchant onboarding is the process of bringing a new merchant onto a payment platform or system. This typically involves verifying the identity and business information of the merchant, setting up their account, and providing them with the necessary tools and resources to use the platform. The goal of merchant onboarding is to make it easy for merchants to start accepting payments and using the platform as quickly and smoothly as possible. The specific steps involved in merchant onboarding may vary depending on the payment platform or system, but they may include tasks such as completing an application, providing documentation to verify identity and business information, setting up payment processing, and training on how to use the platform.

 

For more details:- https://signzy.com/financial-institutions-should-heed-digital-merchant-on-boarding-94dd72c2efb5/