I'm interested in opening a merchant bank account, so I can accept credit card payments, without Paypal.
Part of the process is the KYC (Know Your Customer). This is the due diligence the bank will have to perform on me, before they accept to work with me.
I have heard that banks consider online businesses as high-risk (no clue why).
Up to this point, I have been selling information products and software, online, via Paypal. And yes, I do this in the "make money online" industry, which is under a lot of scrutiny (and rightfully so). Still, my customers seem to be happy.
Is there a specific way I can structure my KYC submission, so there's a higher chance the bank will accept it and let me open a merchant account?
Thanks in advance!