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MERCHANT ESTABLISHMENT AGREEMENT From This Agreement is signed between Machhapuchchhre Bank Limited (hereinafter called the Bank), Corporate Office, situated at Limpet, Kathmandu, Nepal and (hereinafter
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01
Read the entire merchant services agreement: Start by thoroughly reading the entire agreement to understand all the terms and conditions.
02
Provide accurate information: Fill out the necessary fields with accurate and up-to-date information. This includes your business name, contact details, tax identification number, and banking information.
03
Understand the fee structure: Familiarize yourself with the fee structure outlined in the agreement. This includes transaction fees, monthly fees, chargeback fees, and any other applicable charges.
04
Review and negotiate terms: If there are any terms or conditions that you are unsure about or would like to negotiate, reach out to the Merchant Services provider to discuss and clarify.
05
Sign the agreement: Once you are satisfied with the terms and conditions, sign the merchant services agreement electronically or physically as required.
06
Keep a copy of the agreement: Make sure to keep a copy of the signed agreement for your records. It is important to have a reference in case of any future disputes or clarifications.

Who needs merchant services agreement effective?

01
Any business that accepts electronic payments from customers needs a merchant services agreement. This includes retail stores, online businesses, restaurants, hotels, service providers, and many other types of businesses.
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The merchant services agreement is effective when all parties involved have signed and agreed to its terms.
Any business or entity entering into a merchant services agreement is required to file it.
The merchant services agreement can be filled out by providing all required information and signatures from all parties involved.
The purpose of the merchant services agreement is to outline the terms and conditions of the agreement between the merchant and the service provider.
The merchant services agreement should include details such as the services provided, fees, responsibilities of both parties, and dispute resolution procedures.
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