How To Create A Merchant Account With LIC

 

 


A merchant account is very important for the business and if you don’t have one, then you can’t avail the credit card processing services. These days, the credit card processing is the best way to increase your sales and to reach out to the customers.

Now, I will tell you how to create a merchant account with LIC and how to start accepting the credit card payments.

What is a merchant account?

It is the gateway of the business where you can accept the credit card payments and it is necessary to get a merchant account. If you want to start a business and want to accept the credit card payments then you should know that it is the best way to grow your business and it is the easiest way to start a business.

A merchant account is a kind of service that will help you to accept the credit cards payments for your business. This is a legal way to accept the payments through the bank.

There are many benefits of having a merchant account and you will be able to avail the following:

Accepting the debit card payments

With a merchant account, you will be able to accept the debit card payments. The debit card is the second most popular method to pay for the goods and services.

Credit card processing

If you don’t have a merchant account then you will not be able to get the credit card processing services. If you want to start a business and want to accept the credit card payments then you should get a merchant account.

Accepting the electronic checks

If you don’t have a merchant account then you will not be able to accept the electronic checks. You will not be able to accept the electronic check payments.

No need to maintain a checking account

With a merchant account, you don’t need to maintain a checking account. If you have a merchant account, then you can use the bank to accept the payments.

Free e-commerce software

You will get a free e-commerce software with the merchant account. You will not need to pay any charges for the software.

How to create a merchant account with LIC

To start a business and accept the credit card payments then you need to get a merchant account. If you are not aware of the merchant account, then you should read this article to know the basics.

After reading this article, you will be able to know the basic details of a merchant account. Here, I will guide you to get a merchant account with LIC.

Step 1: Visit the website of LIC.

The first step is to visit the website of LIC. It is the official website of LIC. You can find the Merchant Account FAQs and you can get the answers to your queries.

Step 2: Get the merchant account application form.

Once you reach the merchant account FAQs page, you will find the merchant account application form. Fill in the application form and submit it.

Step 3: Get a Merchant Account Number.

Once you submit the application form, you will receive the merchant account number. You can use

 

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