Requirements to Create an Interswitch Merchant Account

1. Registered Business Entity
You must have a legally registered business. This includes:
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CAC Registration Certificate (Corporate Affairs Commission)
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Business Name or Company Name
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RC Number (Registration Number)
2. Tax Identification
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TIN (Tax Identification Number) issued by the Federal Inland Revenue Service (FIRS)
3. Corporate Bank Account
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An active Nigerian bank account registered in your business name
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Bank Verification Number (BVN) of at least one director (for verification)
4. Valid Contact Information
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Phone number and email address
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Business address (physical office or place of operation)
5. Director’s/Business Owner's ID
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Valid government-issued ID (e.g., International Passport, Driver’s License, National ID, or Voter’s Card)
6. Business Documentation
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A brief business profile or description of what your company does
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Possibly a website URL or mobile app (if you’re applying for online payment integration)
7. API/Technical Information (for developers or e-commerce platforms)
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If you're integrating into a website/app, you'll need:
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Your website’s privacy policy and terms of use
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API integration support (Interswitch provides documentation)
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Steps to Register
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Visit Interswitch’s Merchant Portal:
https://www.interswitchgroup.com -
Click on “Get Started” or “Sign Up as a Merchant”
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Fill the Application Form
Provide details about your business, upload required documents, and submit. -
KYC & Compliance Checks
Interswitch will verify your documents and business legitimacy. -
Integration Setup (Optional)
You’ll receive access to merchant credentials, API keys, and support for integration. -
Go Live
Once approved, you can start receiving payments.
Additional Notes:
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Processing fees may apply for transactions (usually between 1.5% to 3.5% depending on volume and channel).
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Businesses in high-risk industries (e.g., betting, crypto) may face stricter requirements or denial.
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For international transactions, you'll need to request for dollar payment gateway integration.