- Contact Your Account Manager: Reach out to your assigned Account Manager and let them know your interest in having your own MID.
- Submit Required Documents: Your Account Manager will provide you with a list of requirements that you need to submit so they can process it on your behalf.
List of Requirements
For reference, here is the list of typical requirements you may need to submit:
- Business registration documents
- Tax identification number
- Bank account details
- Proof of business address
Benefits of using my own MID - Payment Gateway
Using your own Merchant ID (MID) with Xendit can offer several benefits, especially for businesses looking to optimize their payment processes and enhance their overall financial management.
Here are some key advantages:
1. Brand Consistency and Control
- Customization: Having your own MID allows you to customize the payment experience to match your brand’s look and feel, ensuring a seamless experience for your customers.
2. Enhanced Security
- Data Security: By having your own MID, you can ensure that all transactions are handled securely, adhering to industry standards and regulations.
3. Enhanced Customer Experience
- Smooth Checkout Process: A streamlined and branded checkout process can enhance the customer experience, leading to higher conversion rates and customer satisfaction.
- Multiple Payment Options: Offer a wider range of payment options to your customers, catering to their preferences and increasing the likelihood of completed transactions.
4. Customer Trust and Confidence
- Professional Image: Having your own MID can project a more professional image, instilling trust and confidence in your customers.
- Direct Customer Support: Provide direct customer support for payment-related issues, leading to quicker resolutions and higher customer satisfaction.
5. Better Cash Flow Management
- Faster Settlements: Potential for faster settlement times, improving your cash flow management.