How to open Dubai OKX merchants

To open an OKX Merchant Account in Dubai, follow these steps: verify your identity, establish a business entity, prepare required documents, submit a merchant application, verify your business information, activate your merchant account, configure a payment gateway, and accept payments.

Oct 19, 2024 at 02:00 am

Step-by-Step Guide to Opening a Dubai OKX Merchant Account

Step 1: Verify Your Identity

• Visit the OKX website and click on "Sign Up."
• Provide your personal information, including your name, email address, and mobile number.
• Verify your identity by uploading a copy of your passport or national ID card.

Step 2: Establish a Business Entity

• Register a business entity in the United Arab Emirates (UAE).
• Ensure that your business is legally compliant and has a valid business license.

Step 3: Prepare Required Documents

• Business registration certificate
• Bank account details
• Proof of address for your business
• Tax identification number (TIN)

Step 4: Submit Merchant Application

• Click on "Merchant" and then "Apply for Merchant" on the OKX dashboard.
• Select "Dubai" as your region.
• Fill out the merchant application form and upload the required documents.

Step 5: Verify Business Information

• OKX will verify your business information and contact you for further verification if necessary.
• You may also be required to provide additional documents, such as a business plan or financial statements.

Step 6: Activate Merchant Account

• Once your business information has been verified, your merchant account will be activated.
• You will receive an email or SMS notification confirming your account activation.

Step 7: Configure Payment Gateway

• Integrate the OKX payment gateway with your website or payment gateway.
• This will allow customers to pay for products or services using OKX cryptocurrency.

Step 8: Accept Payments

• Start accepting payments from customers who have verified their OKX accounts.
• Track your merchant transactions and manage your account through the OKX merchant dashboard.

Additional Notes:

• OKX merchant accounts are subject to the OKX User Agreement and Terms of Service.
• OKX reserves the right to review and approve merchant applications at its own discretion.
• Ensure that your business is compliant with all applicable UAE laws and regulations.