4 Tips for Faster PG Merchant Registration

Applying for a PG franchise and using online payment services requires the merchant to obtain a payment integration ID from the PG company, which takes about 2-3 weeks. During this time, the PG company conducts a business review, and 9 card companies conduct their own reviews. Sometimes, the review process can take longer, causing inconvenience.

Why is the review process taking so long?

1. The online mall where online payments will be integrated is still under development when the service is applied for.
2. The payment process has not been implemented.
3. It takes a long time to prepare the required documents.
4. It is a business type that requires special attention.

1. Build the online mall according to the service configuration conditions for PG franchise

• Build the service web or app to be integrated
• Implement the PG company's payment module to be called on the payment page
• Register actual products (services) for sale
• Include business information at the bottom of the integrated service (web or app)

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How to Develop to Call the PG Company's Payment Module

2. Apply for the PG service after implementing the payment process.

• Test account ID/PW that allows payment testing
• Include business information on the site's main page and footer
• Register at least one actual product (service) for sale
• Confirm the path that the buyer takes to purchase the offered service
• Implement the payment module of the applied PG company to be called
• Implement a payment window for each payment method to be used

3. Prepare the necessary documents in advance in addition to the contract. (Varies depending on the business type)

< Common Documents >

• Business registration certificate copy 1 copy
• Representative's ID card copy 1 copy (All required if joint representative)
• Original certificate of seal 1 copy (within the last 3 months)
• Representative's (or corporation's) bank account copy 1 copy
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< Corporation >

• Original registration of land copy 1 copy (within the last 3 months)
• Document that can verify the actual owner 1 copy (Shareholder register or equity ownership status document)
• Supporting documents for non-profit corporations (Articles of Association/Regulations, Non-profit corporation establishment permit, etc.)

4. Consult with the contract officer.

• Changes to the franchise's business model
• Explore ways to reduce the buyer's cancellation rate
• Confirm the information that must be included for review in the case of certain business types that require special attention

Example) Point charging service industry

- It is mandatory to include a refund policy for charged points.

- It is mandatory to include information that refunds for card payment transactions will be refunded to the card used for payment.

- It is mandatory to include a notice in the refund policy that points cannot be cashed out during a refund.

- Arbitrary input of payment amount is not allowed.