Understanding the Standard Account Documents
Once you apply the relevant documents
will be provided via email
Even though you will receive full and complete instructions on how to
complete them, the below information may be helpful.
1. Schedule of Fees
2. Application Form (5)
3. Direct Debit Instruction
Subject to application you may also need to provide the following:
a. Opening balance sheet & profit and loss sheet
(new businesses only)
b. Copy of your latest management accounts (established
businesses only)
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Schedule of charges and fees
As we are always upfront and honest about our fees, this
document shows all the fees and additional charges for credit cards (domestic
and Worldwide) as well as any charges such as monthly fee, chargeback
fee etc. Please note that all these fees are already advertised on our
website here
Application Form
This document tells us about you, your business and the
goods and services you supply.
(Please make sure to tick the last
page stating you accept the terms)
Direct Debit Instruction
This allows us to set-up Direct Debit Instruction to pay
for the merchant facility.
Subject to application you may also need to provide the following:
Opening balance sheet & profit and loss sheet
The balance sheet gives you a snapshot of how much your
business owns (its assets) and how much it owes (its liabilities) as at
a given point in time. That might be today, or it might be at the end
of your business’s accounting year.
The profit and loss sheet, often called the P&L for
short, shows your business’s income, less its day-to-day running
costs, over a given period of time – often a year, month, or quarter.
Looking for a profit and loss template? Use
this template to build your own P&L
Copy of your latest management accounts
Management accounting involves preparing and providing
timely financial and statistical information to business managers so that
they can make day-to-day and short-term managerial decisions.
Management accounting reports often include detailed accounts
of the company’s available cash on hand, recent generation of sales
revenues, the current state of the organization’s accounts payable
and receivable, etc
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