How to Open a Merchant Account

Account opening, initial cost, and fees are free

What You Need to Prepare for Opening

To open a merchant account, you will need documents for KYC (identity verification) and corporate verification. Please prepare these in advance before applying. Even if you already have a personal account, a new registration is required if you wish to open a merchant account.

Submission of Identity Verification

For merchant accounts, you will need to complete Opera’s KYC process online. This is not the same as the eKYC tool used for personal accounts, but rather follows a merchant-specific KYC flow.

Identity verification documents of the representative (with photo)

Please submit one identity verification document. Submit either a photo taken with a smartphone or a scanned copy. (Accepted formats: GIF, JPG, PNG, PDF)

Driver’s License
Images of both front and back sides, must be valid
Passport
Must be valid
Passport
Images of the photo page and the page with the address (personal information section), both must be valid
My Number Card
One image of the front side with a photo (notification card not accepted)

ID Selfie

An ID selfie is a method that enables identity verification similar to face-to-face verification online. As shown in the sample photo, take a picture where both your ID document’s photo side and your own face appear clearly in the same image. Make sure that both the text on the document and your face are clearly visible.

Corporate Verification Documents

Submit one of the corporate verification documents issued within the last 6 months. Ensure that the text on the document is clear and readable.

Certificate of Registered Matters (Certified Copy of Commercial Register)
Must include shareholders
Certificate of Incorporation
Approved by a public authority (copy)
Business License

Wallet Opening Procedure

Account Opening

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Enter your email address in the new registration form

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Open the link in the confirmation email and enter your login information and name

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Log in to the wallet from the client area

Identity Verification (eKYC) Steps

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Select “Perform Identity Verification” to move to the Opera KYC screen

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Upload identity verification documents

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Upload corporate verification documents

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Once approved, your identity verification status will be updated to “Approved”.