WhatsApp +44 844 202 4444

Banking & Financial Accounts

Barbados Merchant Services

Barbados

Help eligible Barbados businesses arrange card and online payment facilities through suitable third-party providers.

Barbados has a genuine merchant-acquiring market for businesses that need to accept card payments in person or online.

Current merchant services include point-of-sale facilities and e-commerce payment gateways for eligible businesses, with provider underwriting before activation.

For businesses taking card payments

Merchant facilities can support shops, restaurants, tourism businesses, professional firms and online sellers, depending on the provider.

The appropriate setup depends on whether customers pay in person, online or through both channels.

What the provider will consider

The provider can ask about products, expected turnover, average transaction values, refunds and customer locations.

Online merchants may also need a suitable website, trading terms and fulfilment information.

Choose the facility around the business

Point-of-sale terminals, mobile acceptance and e-commerce gateways solve different payment needs.

We help explain the trading model accurately so the provider can assess the right facility.

How Coutts Consultants can help

We review the payment requirement, prepare the business information and make an introduction where a suitable provider is available.

The provider decides acceptance, pricing, settlement and any reserve requirements.

Service details

Why choose Coutts Consultants

Coutts Consultants helps eligible Barbados businesses arrange merchant and card-payment facilities through suitable third-party providers.

What is included

  • Merchant needs review
  • Payment-channel assessment
  • Application preparation
  • Provider introduction
  • Onboarding support

Benefits

  • Provider matched to trading model
  • Online and physical payments considered
  • Application organised clearly
  • Help throughout onboarding

Requirements

  • Lawful business
  • Clear product/service offering
  • Suitable KYC evidence
  • Trading information
  • Provider acceptance

Documents required

  • Company/KYC documents
  • Website/trading information
  • Turnover/payment estimates
  • Refund/fulfilment information
  • Processing history where available

How it works

  1. 01Discuss payment needs
  2. 02Review sales model
  3. 03Prepare application
  4. 04Identify provider
  5. 05Make introduction
  6. 06Assist through onboarding

Timescale

Timing depends on provider, sector and trading profile.

Ready when you are

Ready to discuss your international business requirements?

Tell us what you are looking to achieve and we will help you identify the appropriate jurisdiction, structure or service.