This is an AI translated post.
4 Tips to Speed Up PG Affiliation Process
- Writing language: Korean
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Base country: All countries
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- Information Technology
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Summarized by durumis AI
- When applying for PG affiliation, it can take 2-3 weeks to issue a payment integration ID, and delays in the affiliation review can cause difficulties.
- Review delays can occur depending on the industry, whether the service is set up, and whether the necessary documents are prepared.
- By consulting with the contract manager and confirming and supplementing your business model and refund policy, you can reduce review delays.
The time it takes for a merchant to receive a payment connection ID from a PG company after applying for PG affiliation and using online payment services is about 2-3 weeks. During this period, the PG company reviews the merchant's application and 9 credit card companies review the application. Sometimes, the review period is delayed, which can cause inconvenience.
What are the reasons for the delay in review?
1. You apply for the service while the online mall you are going to link the online payment to is still under development.
2. The payment process is not implemented.
3. It takes a long time to prepare the documents that need to be submitted.
4. It is a cautioned industry.
1. Build an online mall in accordance with the service configuration requirements for PG affiliation
- Build a web or app service to be linked
- Implement the PG payment module to be called on the payment page
- Register actual sales products (services)
- Enter business information at the bottom of the linked service (web or app)
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2. Apply for the PG service after implementing the payment process.
- Test account ID/PW that can be used for payment testing
- Enter business information on the main site and at the bottom
- Register one or more actual sales products (services)
- Confirm the route that buyers purchase the service being provided
- Implement the payment module of the applied PG company to be called
- Implement a payment window for each payment method to be used
3. Prepare the necessary documents in advance in addition to the contract. (Varies depending on the type of business)
< Common Documents >
- 1 copy of Business Registration Certificate
- 1 copy of Representative's ID card (All required if there are co-representatives)
- 1 copy of seal certificate (within the last 3 months)
- 1 copy of the representative's (corporate) bank account statement
< Corporation >
- 1 copy of the original registry extract (within the last 3 months)
- 1 copy of documents that can verify the actual owner (Shareholder register, etc. information on equity ownership)
- Proof documents for non-profit corporations (Articles of Association/Regulations, Establishment Permit for non-profit corporations, etc.)
4. Consult with the contract manager.
- Changes in the merchant's business model
- Explore ways to reduce buyer cancellation rates
- Confirm the required information for review in the case of some cautious industries
Example) Point charging service industry
- It is mandatory to state the refund policy for the charged points
- It is mandatory to state that when a refund is requested for a credit card payment, the refund will be made to the card that was paid with
- It is mandatory to guide the customer that cashing out is not possible during a refund under the refund policy
- Arbitrary input of payment amount is not allowed
