How to open Dubai OKX merchants

To open an OKX Merchant Account in Dubai, follow these steps: verify your identity, establish a business entity, prepare required documents, submit a merchant application, verify your business information, activate your merchant account, configure a payment gateway, and accept payments.

Oct 19, 2024 at 02:00 am

Step-by-Step Guide to Opening a Dubai OKX Merchant Account

Step 1: Verify Your Identity

Visit the OKX website and click on "Sign Up."
Provide your personal information, including your name, email address, and mobile number.
Verify your identity by uploading a copy of your passport or national ID card.

Step 2: Establish a Business Entity

Register a business entity in the United Arab Emirates (UAE).
Ensure that your business is legally compliant and has a valid business license.

Step 3: Prepare Required Documents

Business registration certificate
Bank account details
Proof of address for your business
Tax identification number (TIN)

Step 4: Submit Merchant Application

Click on "Merchant" and then "Apply for Merchant" on the OKX dashboard.
Select "Dubai" as your region.
Fill out the merchant application form and upload the required documents.

Step 5: Verify Business Information

OKX will verify your business information and contact you for further verification if necessary.
You may also be required to provide additional documents, such as a business plan or financial statements.

Step 6: Activate Merchant Account

Once your business information has been verified, your merchant account will be activated.
You will receive an email or SMS notification confirming your account activation.

Step 7: Configure Payment Gateway

Integrate the OKX payment gateway with your website or payment gateway.
This will allow customers to pay for products or services using OKX cryptocurrency.

Step 8: Accept Payments

Start accepting payments from customers who have verified their OKX accounts.
Track your merchant transactions and manage your account through the OKX merchant dashboard.

Additional Notes:

OKX merchant accounts are subject to the OKX User Agreement and Terms of Service.
OKX reserves the right to review and approve merchant applications at its own discretion.
Ensure that your business is compliant with all applicable UAE laws and regulations.

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