Whether you’re planning a startup business or looking for more ways to make your services convenient for your customers, considering being a GCash Merchant will surely step up your game. But what is it, and how to be a GCash Merchant?
To find out, check out this guide as we how to be a GCash Merchant and the requirements you’ll need for the application.
What is a GCash Merchant?
GCash Merchant is a partner business with generated QR codes at the cashier or store premise to complete checkout transactions. This service is for business owners, which allows all GCash users to pay their purchases using their e-wallet balance by scanning the merchant’s QR code, making it convenient for both customers and retailers. In addition, merchants can track their sales with the GCash QR feature and access automatic fund transfers to bank accounts.
You may want to read: What is GCash PO (Pera Outlet)
How to be a GCash Merchant?
By becoming a GCash Merchant, you can establish your brand, offer cash-out service to other GCash users, and enjoy a lower fee in your sales since you have a QR code. And if you’re wondering how to be a GCash Merchant, follow the steps below:
Step 1: Secure the Application Requirements for GCash Merchant
For Individual (1 Owner)
- 1 Government-issued valid ID
- Scan to Pay Application Form
For Sole Proprietors (1 Owner)
- 1 Government-issued valid ID
- Certificate of Registration issued by DTI
- Proof of Bank Account (such as passbook)
- GCash Application Form
- Branch Enrollment Form (BEF)
- Certificate of Registration issued by BIR
- Mayor’s Permit
- Implementing Agreement
- KYC Form
For Partnerships (2 Owners)
- Certificate of Registration issued by SEC
- Partners Resolution (Notarized Secretary Certificate)
- Proof of Bank Account (such as passbook)
- Articles of Partnership
- 1 Government-issued valid ID of authorized signatories
- GCash Application Form
- Branch Enrollment Form (BEF)
- Certificate of Registration issued by BIR
- Implementing Agreement
For Corporate (More than 2 Owners)
- Certificate of Registration issued by SEC
- Partners Resolution (Notarized Secretary Certificate)
- Latest general Information Sheet (GIS)
- Proof of Bank Account (such as passbook)
- Articles of Partnership
- 1 Government-issued valid ID of authorized signatories
- GCash Application Form
- Branch Enrollment Form (BEF)
- Certificate of Registration issued by BIR
- Articles of Incorporation and By-Laws
- Implementing Agreement
For more details on the type of business that can apply as GCash Merchant, check out the description at this link.
Step 2: Apply Now
Visit the GCash Business section page and click the Apply Now button. Next, fill out the Google form GCash Merchant Formal QR and click Submit. Wait for the GCash representative to verify your application.
Step 3: Submit the Requirements
If you’re qualified, a GCash representative will contact you and follow the instructions to submit the duly-accomplished application form and requirements based on your business type.
Once you’ve successfully applied as a GCash Merchant, you’ll receive a QR kit from GCash that you can use for checkout transactions.
FAQs
Does GCash QR Merchants have a wallet limit?
While the wallet limit of GCash QR Merchants is not specified, businesses have a maximum wallet limit of P500,000, including GCash Plus and BizStarter. You can learn more about GCash wallet limit here: How To Increase GCash Limit to 100k and 500k
How to get money from the GCash QR code?
If you applied as a GCash Merchant, your sales are on your e-wallet balance or bank account.
How many days does a Merchant receive a GCash QR kit?
If you’re applying as a GCash Merchant, the process will take up to 8 days from submitting tour requirements to the production of your QR kit. Then, it will take another 2 to 7 days for the QR kit to be delivered based on your location.