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Adhering to these guidelines enables you to effectively onboard a merchant in PR while complying with the essential requirements and specified procedures.
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Warning: Merchants located in PR or VI are currently unable to board unless they maintain a physical operational presence on-shore within the continental US. |
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The merchant business must be based in and have a significant physical operational presence in the US.
At least one individual based in the US, who holds significant management responsibility, must be present on the business premises.
The merchant must have a minimum of 2 or more years in business.
Only Corporationscorporations, LLCs, LLC and similar registered business entity types are accepted. (Sole Proprietorships proprietorships are not accepted at this time.)
An Employer Identification Number (EIN) based in the US.
A bank account based in the US.
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Exception Request Process
Note: The requirements below only apply to non-US citizens boarding US-based businesses. Citizens of PR and VI are also US citizens, each with their own Social Security Number number (SSN) and ability to obtain an EIN.
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