Important information for merchants about disputes (also referred to as chargebacks).
New merchants are required to provide the following information when applying for a Merchant Account for processing card and Open Banking payments. 1. Business Information Provide: Business Legal Name Business Trading Name (if different from Legal Name) Business Entity Type (Ltd, LLP, Sole Trader, Partnership, etc.) Company Registration Number How long the Company has been …
Before we provide payment services a business, we are required by regulation to verify a business and its standing, as well that of key individuals associated with the business. The individuals include directors; and any shareholder or owner who own more than 25% of the business. In the financial services industry, this process is known …
What is a Dispute (Chargeback) A dispute (often called a chargeback) arises because a consumer and merchant have not been able to resolve a problem via normal customer service channels, and so a consumer has made a claim via the payment scheme that issued their card or other payment method. Through the dispute process, the …
OBN Global Limited (Company No. 11044007), with registered offices at Birches Corner, Heron Gate, Taunton TA1 2LP, United Kingdom, is authorised and regulated by the Financial Conduct Authority (Authorisation No. 830802) as an Authorised Payment Institution (API), Account Information Service Provider (AISP), and Payment Initiation Service Provider (PISP).
