Bkash is the most popular mobile banking platform in Bangladesh. Bkash Merchant Account is a business accepting payment from an individual or personal account. There are lots of people ant to open bKash Merchant Account but they does not have any idea how to Create it. So, today in this article we will show you step by step How to open bKash Merchant Account.
Bkash, a leading mobile financial services provider in Bangladesh, has revolutionized the way people manage their money. With a Bkash merchant account, you can accept payments, pay bills and even transfer funds very easily. Whether you’re a small business owner, a freelancer or an individual looking to embrace the cashless revolution, this guide will provide you with the knowledge you need to get started.
What is BKash Merchant Account?
A Bkash merchant account is a type of account that allows businesses to accept payments from Bkash users. This can be a great way to increase sales and improve customer convenience, as Bkash is a popular payment method in Bangladesh. A Bkash merchant account is a great way for businesses in Bangladesh to accept payments from customers. It is a secure, reliable and convenient payment platform that can help businesses increase sales and improve customer satisfaction.
A Bkash merchant account is the gateway to a seamless world of digital financial transactions in Bangladesh. This is a special account offered by Bkash, one of the leading mobile financial services providers in the country. With this account, individuals and businesses can accept digital payments, pay bills and manage various financial transactions effortlessly.
Why do you open BKash Merchant Account?
There are many reasons why you should open a bKash Merchant Account for your business:
- Reach a larger audience: Bkash is the most popular mobile financial service provider in Bangladesh, with over 70 million users. By accepting Bkash payments, you can reach a wider audience of potential customers.
- Increased sales: Studies have shown that businesses that accept bKash payments experience increased sales. Because Bkash payments are fast, convenient and secure.
- Improve customer satisfaction: Customers appreciate payment options using BKash. It is a convenient and familiar payment method for them.
- Reduce cash handling costs: Accepting Bkash payments can help you reduce your cash handling costs. You won’t need to keep as much cash on hand and you won’t need to spend time and money to deposit and count cash.
- Get Paid Instantly: When a customer makes a Bkash payment to your account, you get the funds instantly. This means that you will always have access to your cash flow.
Overall, opening a Bkash merchant account is a great way to grow your business. It’s an easy and cost-effective way to reach a larger audience, increase sales, improve customer satisfaction, reduce costs and get paid instantly.
Benefits of bKash Merchant Account
Bkash is one of the most popular mobile financial service (MFS) providers in Bangladesh, with over 70 million active users. A Bkash merchant account allows businesses to accept payments from Bkash users, which can be a great way to increase sales and improve customer convenience.
- Increased sales: Bkash is a popular payment method in Bangladesh, and many people prefer to use it to make payments. By accepting bKash payments, businesses can reach a wider audience of potential customers and increase their sales.
- Enhanced Customer Convenience: Bkash Payments are fast, easy and convenient for customers. They can make payments anytime from anywhere using their mobile phones. This can make it easier for customers to do business with businesses that accept Bkash payments.
- Reduced costs: Bkash does not charge merchants any fees for accepting payments. It can help businesses reduce their costs and improve their profits.
- Enhanced Security: Bkash payments are secure. All payments are encrypted and processed through a secure server. It helps protect customer data and businesses from fraud.
Apart from these benefits, Bkash also offers a variety of features and tools that can help businesses grow and succeed. For example, Bkash merchants can access the Bkash Merchant app, which allows them to manage merchant accounts, view transaction history and generate reports. Merchants can accept payments from customers shopping at their store using the Bkash Merchant QR Code.
What documents are needed to open a bKash Merchant Account?
- Merchant/Shop Name
- Address
- Contact Person
- Phone Number
- Email Address
- NID Number
- Valid trade license
- Trade License Number & Expiry Date
- Bank Account Number
How To Open bKash Merchant Account?
To open a bKash Merchant Account, you can follow these steps:
- Visit the bKash Merchant website and click on the “Sign Up” button.
- Enter your Name, email address, and phone number.
- Select the type of business you have and the industry you operate in.
- Provide your business details, such as your business name, address, and trade license number.
- Upload a copy of your National Identity Card (NID) and a recent photo of yourself.
- Review and agree to the bKash Merchant Terms and Conditions.
- Click on the “Submit” button.
Once you submit your application, a bKash representative will contact you to verify your information and complete the account opening process. Overall, opening a Bkash merchant account is a quick and easy process that can help you grow your business.
How to activate bKash Merchant account?
To activate your bKash Merchant Account, you will need to:
- Download and install the bKash Merchant App from the Google Play Store or the Apple App Store.
- Open the app and enter your bKash Merchant Account Number and PIN.
- Verify your identity by entering the one-time password (OTP) that is sent to your bKash registered mobile number.
- Create a profile for your business by providing your business name, address, and trade license number.
- Set up your payment preferences, such as the types of payments you want to accept and the payment methods you want to offer your customers.
- Review and agree to the bKash Merchant App Terms and Conditions.
- Click on the “Activate” button.
Once you activate your Bkash merchant account, you can start accepting payments from your customers.
What is the merchant account feature of bKash?
Bkash merchant account feature allows businesses to digitally and conveniently accept payments from over 70 million Bkash users through a secure platform. Businesses can receive payments through a variety of channels, including:
- Bkash Merchant App: Businesses can download the Bkash Merchant app to accept payments through barcode scanning, QR code scanning and manual entry of Bkash account number.
- Merchant QR: Businesses can create a merchant QR code and display it in their store or online to allow customers to scan and pay.
- Counter Payment: Customers can make payments to Bkash merchants at any Bkash agent outlet in Bangladesh.
BKash Merchant Account Cash out Charge
The cash out charge for Bkash merchant account is 1% of the withdrawn amount, with a minimum charge of Rs.10. This charge is applicable on all cash out transactions made at Bkash Agent outlets.
- Promotional Offer: Bkash is currently offering a promotional offer where merchants can cash out up to Rs 5,000 per day for free for the first 3 months. This offer is valid until further notice.
- Bkash Suppliers: Bkash suppliers can cash out up to Rs 10,000 per day for free.
- Bkash Employees: Bkash employees can cash out up to Rs 5,000 per day for free.
To cash out money from your Bkash merchant account, you can visit any Bkash agent outlet and provide the agent with your merchant account number and the amount you wish to withdraw. The agent will then charge you the applicable fee and give you the cash. Overall, Bkash merchant account feature provides a comprehensive and convenient solution for businesses of all sizes to accept digital payments. If you are a business owner, I encourage you to consider opening a Bkash merchant account to start accepting digital payments from your customers.
How to make payment by bKash Merchant Account through USSD Number?
- Open the bKash app or dial *247# from your mobile phone.
- Select Payment.
- Now, Enter the Merchant bKash Account Number you want to pay to.
- Enter the amount you want to pay.
- Enter a reference* against your payment (you can mention the purpose of the transaction in one word).
- Next, Enter the Counter Number* (the salesperson at the counter will tell you the number).
- Now enter your bKash Mobile Menu PIN to confirm.
How to make payment by bKash Merchant Account through App?
- Open the bKash app.
- Tap Payment.
- Tap Merchant Payment.
- Enter the Merchant bKash Account Number you want to pay to.
- Now, Enter the amount you want to pay.
- Enter a reference* against your payment (you can mention the purpose of the transaction in one word).
- Enter the Counter Number* (the salesperson at the counter will tell you the number).
- Tap Continue.
- Review your payment details and tap Confirm.
- Enter your bKash Mobile Menu PIN to confirm the payment.
You will receive a confirmation message from bKash once the payment is successful.
Last Words
Here in this article we discuss all Details Information about How To Open bKash Merchant Account, Benefits & Marchant Account Charge. So, we think this blog will be very helpful for people who want to open bKash Merchant Account. Read this full article and learn how to Create bKash Merchant Account. If you face any kinds of problem then contact bKash Customer Support or Comment us below. At last, Thanks for everything.