What Is A Merchant Of Record (MoR) And Why Do You Need One?

What is a Merchant of Record?

Imagine you're a restaurant owner in the United States, but you want to expand your business to Nigeria. To do this, you need to set up a legal entity in Nigeria, register for taxes, and comply with local regulations. This can be a complex and time-consuming process. That's where a Merchant of Record (MoR) comes in.

A Merchant of Record is a third-party company that acts as the legal entity on your behalf in a foreign country. They handle all the legal and regulatory requirements, allowing you to focus on running your business.

Why Do You Need a Merchant of Record (MoR)?

• Simplified Market Entry: A MoR can help you enter new markets quickly and easily without the need to set up a local legal entity.

• Reduced Operational Costs: MoRs handle administrative tasks like tax compliance, payment collection, and currency conversion, saving you time and money.

• Enhanced Customer Experience: MoRs can help you provide a better customer experience by offering localized payment options and support.

• Risk Mitigation: MoRs can help you mitigate risks associated with operating in a foreign market, such as fraud and chargebacks.

Kyshi is a leading provider of MoR services in Africa. We offer a comprehensive suite of solutions that can help you expand your business into African markets. Our services include:

• Market Entry: We can help you set up a legal entity in Africa that cuts out the complexities and allows your business to start collecting payments in as fast as 2 days. Unleash your growth potential in emerging markets, fostering performance, expanding your reach into key African markets, and enhancing customer satisfaction in both B2B and B2C sectors across Africa

• Localized Payment Collection: We can collect payments from African customers in their local currencies and settle them in your preferred currency. Maximize your payment strategy on an ongoing and scalable basis with Kyshi services embedded in our ever-evolving payments platform. 

• Tax, Fraud and Risk Management: We can help you comply with local tax laws and regulations. Benefit from robust local fraud prevention and risk management, supported by a dedicated team of experts ensuring adherence to regulatory standards. We provide complete payment protection at all times.

By partnering with Kyshi, you can simplify your market entry, reduce operational costs, and enhance customer satisfaction.