Co-op Merchant Service

Details

The product enables payment of goods and services at Merchant outlets with modes other than cash, e.g. Cards and Mobile Wallet (M-Wallet). The product targets businesses either banking or not banking with Co-operative Bank.

Features
Advantages:
• Pin-based authorisation reduces fraud.
• Portable POS gadget for improved customer service.
• Easy payment solution.
• Increased sales due to large Card base.
• Increased sales due to impulse buying and customer frequency.
• Enhancement of Merchant profile/image by embracing new technology and services
• Cash management solution – minimizes levels of cash held at the store thus reducing risk, CIT & cash insurance costs.
• Reduced Retail Sales leakage
• Purchase with Cashback available; cardholders can pay for goods & services and get cash at the till.
• Balance Enquiry service available.

Limited Liability companies
• Certified Copy of Certificate of Incorporation.
• Certified copies of Memorandum & Articles of Association.
• Certified Copies of PIN or VAT (where applicable) Certificate.
• Audited Accounts for the last one year or latest 3 months’ certified bank statements by the issuing bank, if not banking with Co-op Bank.
• Certified Copies of National ID/ Passport for the Directors.
• 2 copies of a Merchant Agreement and 1 copy of Merchant Application, executed under the company Seal and documents signed by at least two of the company’s Directors or 1 Director and the Company Secretary.

Sole proprietorships or Partnership
• Certified Copy of Certificate of Registration.
• Certified Copies of PIN or VAT (where applicable) Certificate.
• Certified Copy of National ID/ Passport for the business owner(s).
• Certified Bank statement by the issuing bank for the last three months, if not banking with Co-op Bank.
• 2 copies of a Merchant Agreement and 1 copy of Merchant Application all signed and stamped by at least one of the entity’s owners and witnessed and stamped by an Advocate of the High Court of Kenya.

Want More Information?

For further enquiries, kindly fill in this form and we shall get back to you.

By clicking "form", you consent to us using your information and contacting you via email and/or telephone for the purposes of completing the credit card application.

Cards