Netbank Mobile Merchant Account

Fueling Growth for Micro, Small, and Medium Businesses (MSMEs) with Netbank Mobile's Merchant Account!

A merchant account allows you to accept payments from your customers via QRPH QR Code. With this account, you’ll generate a QR Code for your customers to scan when making payments. Please note that scanning QR Codes of your customers, as well as scanning GCredit and GGives, is currently not supported. Payment collection will only be successful when your customer scans your Merchant QR Code. The fee for any transaction amount is 5PHP. Additionally, transferring funds from your Netbank Merchant account to your Netbank Mobile account is free of charge. There are no payment limits.

How can I receive payments using my Netbank QRPH code?

How do I open a merchant account?

To open a merchant account or business account for MSMEs, the following requirements must be met: First, an individual account is needed as a prerequisite before requesting a merchant account. To apply for a merchant account, please complete the online application form on your Netbank Mobile. Follow the instructions below.

1. Open the App
2. Click Settings
3. Click FAQ
4. Select “Merchant Account”
5. Tap “Merchant Account Opening”
6. Complete the required Field and Submit

Prepare the following documents:

Valid ID of Authorized Signatory
Photo Signature
Selfie together with your Valid ID
Local Government Business Registration
National Business License (DTI)
BIR Registration (if available)

What is the interest rate?

This merchant account also offers interest at 2% with daily crediting starting August 20, 2024.

How fast can my application be approved?

The Turnaround time for the Approval after the user submits the merchant account application or after registration is listed below.

Account Applications before 5pm PST during banking days will be processed the same day.
Account Applications after 5pm PST will be processed on the next banking day.
Account Applications on Fridays after 5pm PST will be processed on the next banking day (Monday).
Account Applications during weekends and holidays will be processed on the next banking day.

Netbank is a participant in QR (Quick Response) PH (Philippines) P2P (Peer-to-Peer) and P2M (Peer-to-Merchant) transactions.

Merchant Account

Need Support?

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Contact us at
cs_mobile@netbank.ph

Customer Support Team is
only available 8AM to 5PM Monday to Friday

Netbank Mobile operates on a quest for financial equity! Picture this: we’re crafting a landscape where Filipino families and overlooked communities wield the power of banking prowess. Our mission? It’s like coding a new dimension, unlocking treasure troves of financial possibilities for every user in the Philippines.

Young Paul Raneses
Head of Mobile Banking & Networks
Netbank

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