Open a Merchant Account in Gibraltar

Updated on Thursday 09th February 2023

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Open-a-merchant-account-in-GibraltarGibraltar is one of Europe’s most prolific economies. Moreover, Gibraltar occupied top positions in various surveys related to economic growth, high employment rate and number of businesses opened here. Speaking of a high number of companies registered in Gibraltar, most of these are businesses operating online. One of the keys to have an online company in Gibraltar or anywhere else in the world is providing the customers with the appropriate means to pay, which is why a merchant bank account is the best option.

Our company formation consultants in Gibraltar can offer information on the banking system and on how to set up merchant accounts in the Rock.

The Gibraltar merchant bank account

There are two types of merchant bank accounts which can be established in Gibraltar:  accounts for Gibraltar companies and offshore merchant accounts which are used by offshore companies; even so the latter is less popular.

The merchant account is usually set up to enable customers of Gibraltar online companies or public authorities to accept and process payments related to contracting services, buying certain products and paying utility bills. Considering Gibraltar has one of the most performant financial systems in Europe, opening a merchant account here is quite simple. It is also useful to know that our company registration agents can help you open a company in Gibraltar.

Requirements to open a merchant account in Gibraltar

Gibraltar banks are allowed to set up merchant accounts for their clients in accordance with the provisions of the Financial Services Act. Depending on the services they offer, Gibraltar companies applying to open merchant accounts must file various documents with the bank they want to create the account with. In return, the bank will provide them with the terminal which allows them to accept and process the transaction.

Not only banks can set up merchant accounts, as in Gibraltar there are many financial companies offering merchant account services with enhanced security options.

For full information on how to create a merchant account in Gibraltar, please contact us. You can also rely on our company registration services if you want to open a Gibraltar company.

Meet us in Gibraltar

Call us now at (+44) 203-287 0408 to set up an appointment with our lawyers who are handling company formation procedures in Gibraltar. Alternatively you can incorporate your company without traveling to Gibraltar.

As a our client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Gibraltar.



BridgeWest takes great care of selecting its affiliates worldwide and Gibraltar is no exception.

Francesco Dagnino, Partner of
Lexia Avvocati

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