Senmo offers technology and financial solutions for companies, allowing acceptance of payments for your services or products from anywhere in the world.
Drive higher conversion, reach more buyers in more places.
Help increase sales and loyalty with a modernized, optimized payments experience and next-generation technology to expand markets.
We understand how important a decision to accept payments online is for your business as well as fast merchant account sign-up, that’s why SENMO is offering flexible services to fit your requirements.
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Frequently Asked Questions
You can learn more from our asked questions
What is a merchant account?
A merchant account is a special type of bank account used by a merchant or business necessary for them to process credit and debit card transactions in a variety of ways: Online, over the phone or through the mail. A merchant account operates under an agreement between the merchant, the payment processor or independent sales organization (ISO) and acquiring bank in settling credit or debit card transactions.
What is merchant discount rate (MDR)
MDR is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments.
How many websites can i link to my merchant account?
As long as the websites pertain to the same industry and your account manager approves the additional websites, you can link as many websites to your merchant account as you wish. However, if the industry is significantly different from the originally approved website, you cannot use your merchant account to process credit cards for that site.
How much do i need to process each month to maintain my account?
This depends on your industry type. The provider merchant accounts like to see processing volumes of at least €5,000 per month, but each industry has different standards.
Still have questions?
If you can’t find answers to your questions in our FAQ section, you can always contact us. We will get back to you shortly.