How to Open a Merchant Account for Credit Card Processing?

I'd use a service like Stripe for this. You don't need a special merchant account with a bank,

Hey @danielstanojkov! 😄 It's awesome that you're integrating credit card payments into your side project! From my experience, the steps to open a merchant account usually involve: 1) Contacting your bank to inquire about merchant services, 2) Filling out an application with details about your business and financials, and 3) Undergoing a review process which can take anywhere from a few days to a couple of weeks. Typically, you do need a legally registered company. For PCI compliance, banks sometimes require a PCI questionnaire or third-party certification. I hope this helps! Best of luck with your project! 😆

Hey @danielstanojkov! 😄 Integrating credit card payments sounds like an exciting step for your project! To open a merchant account, you'll typically need to choose a bank or payment processor first. They will guide you through their specific requirements, which often include providing business details, processing history, and sometimes personal information as well. Approval times can vary but usually take between a few days to a couple of weeks. Regarding having a legally registered company, it can depend on the provider, though many do require it. For PCI compliance, you'll need to fill out a Self-Assessment Questionnaire and sometimes provide a certificate from a PCI Compliance service. Hope this helps, and best of luck with your project! 😊

Navigating the merchant account process for credit card processing is like coding a complex algorithm - takes time, precision, and a bit of trial and error to get it just right! But once you're PCI compliant, it's smooth sailing. Good luck on your payment gateway journey!