What are the documents required for payment gateway?

Having a payment gateway will advantage you in various ways that develops you with overall sales. The presence of a payment gateway has been mandatory, and almost every customer expects varieties of payment gateways for their convenience. With a digital payment gateway, you can ensure proper payment transactions with high speed and convenience. You can avail all these benefits within your business place when you install a payment gateway with proper documentation. The payment gateway documents required for installing various payment differs based on various business categories. When you provide all the documents required, you can easily activate the payment gateway within your business platform.

Documents required for Individual business

An individual business is where there is a single owner with a single business location. Almost every local retail shop comes under this individual business category. If your business falls under the individual business category, then you have to provide the following payment gateway documents required:

• Pan card

• Any address proof can be a valid driving license, voter ID, Aadhaar card or Passport.

• Any of the account documents, like the cancelled cheque of the bank account, are in original format. The document must have the IFSC code and the account holder's name.

Documents required for proprietorship business

When your business entity falls under proprietorship, then you can process installing payment gateways with the following documents:

• Pan card and any valid address proof

• Cancelled cheque of your bank account in original formate with a clear IFSC code and name picture.

• Government proof of your firm with a seal on it

Document required for partnership or LLP

• The authorization letter of your firm has been signed by authority and stamped by all partners of your company.

• Cancelled bank account cheque with clear identification of IFSC code and name

• Pan card with an authorized signature

• Copy of address proof

• Company's PAN card copy

• Government proof of your firm with a clear seal on it

• Partnership need

• Certification of incorporation is also mandatory for LLP business

Documents required for private limited, public, trust, and society

• Board resolution documents which are signed at least by two directors

• Original copy of cancelled bank cheque with account holders name and bank IFSC code

• PAN card copy which is signed by authorities

• Address proof of individual and company

• Company's pan card signed by authorities

• Government proof of your firm

• Form 18 copy is also needed with a change of address in your proof.

• If society or trust then the certification is also must

Bottom line:

You can simply upload all the above documents and install different payment gateways for your business.

Also read: Top 3 highlight benefit of one-click checkout for customers and sellers