With the influx of promos and other perks of owning a credit card, a lot of people have become more and more interested to pay using one. And Banco De Oro, more often referred to as BDO, being one of the leading banks here in the Philippines, is arguably one of the best choices when it comes to banks who offer credit card services.

It is, after all, the only bank in the Philippines that enables you to accept all ATM/debit cards of Megalink, Banknet, and Expressnet, and also other major card brands including American Express, Mastercard, JCB, Unionpay, Visa, Diners and Discover. And so, as a merchant, BDO is definitely worth considering.

  1. Quick Link Credit card terminal Application:
    1. Credit Card Terminal Requirements
    2. Acceptable Id’s
    3. How to Apply BDO Credit Card Merchant
    4. Frequently Asked Questions
    5. Merchant Partnership benefits
    6. BDO Merchant List

Not only will choosing BDO as a credit card merchant provide your customers with better non-cash payment option that will help you not just to generate more revenues, it would also stimulate impulse purchases better.

Now, if you are considering to apply for a merchant credit card account in BDO whether you be a foreigner with a company in the Philippines who needs to finance his/her business or just someone who intends to use BDO credit card processing for small business, here is a step-by-step guide for an easy merchant credit card accreditation.

General requirements for BDO merchant credit card account application

  1. Required documents that need to be submitted
    1. Duly accomplished and signed Merchant Agreement to be filled up at the bank (2 original copies)
    2. Duly filled up Merchant information sheet
  2. Additional requirements depending on business type
    1. Sole proprietorship
      1. BIR Certificate of registration
      2. copy of DTI business registration including original/renewal application of trade name
      3. Mayor’s permit
      4. Note: if signed by a person other than the registered owner, a Special Power of Attorney is required
    2. Partnership/Corporation
      1. SEC certificate of registration
      2. DTI business registration
      3. BIR certificate of registration
      4. Mayor’s permit
      5. Notarized Board Resolution or Secretary’s Certificate or Partnership Resolution authorizing the signatory to enter into a Merchant Agreement with BDO on behalf of the company (must contain the specimen signatures of the authorized signatories).
  • List of Valid IDs (Must Not Be Expired, Clear with Photograph and Signature)
    1. Passport (in case of foreign passport, must have English character / translations and the holder must have residence in the Philippines
    2. Driver’s License
    3. Professional Regulations Commission (PRC) ID
    4. National Bureau of Investigation (NBI) Clearance
    5. Police Clearance (with dry seal of PNP)
    6. Philippine Postal ID
    7. Voter’s ID
    8. Barangay Certification (with dry seal from the barangay where it was issued)
    9. Government Service Insurance System (GSIS) e-Card
    10. New Social Security System (SSS) Card
    11. Senior Citizen ID
    12. Overseas Workers Welfare Administration (OWWA) ID
    13. OFW ID
    14. Seaman’s Book
    15. Alien Certificate of Registration (ACR) / Immigrant Certificate Registration (ICR)
    16. Government Office and GOCC IDs (e.g. AFD ID, Home Development Mutual Fund ID)
    17. Integrated Bar of the Philippines (IBP) ID
    18. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
    19. Department of Social Welfare and Development (DSWD) Certification
    20. Company IDs issued by private entities or institutions registered with or supervised or regulated by the BSP,
    21. SEC or Insurance Commission

How do I apply for a merchant credit card account terminal?

BDO_Primal-Onset-System_Terminal.png

Applying for a merchant credit card account terminal is the same as when applying for other credit card accounts.

You have to go to the BDO branch and then submit all the required documents or Via Online. The process of applying, however, is more strenuous, as you would have to undergo a comprehensive review process.

Essentially, they will require you an in-depth application where you would have to provide a lot of information regarding your business model and finances.

Online Application

Step 1: visit the Link www.bdo.com.ph/personal/credit-cards/merchant-partnership and Click Apply Now See picture below.
BDO_Merchant_Card_Terminals_Online_Applicatin_01.png
Step 2: Merchant Accreditation Application Form Online or Print

  1. This links will direct you to the process:
    1. Merchant Information Sheet: www.bdo.com.ph/sites/default/files/MAFront.pdf
    2. Online: https://www.bdo.com.ph/merchant-accreditation/application
    3. Product type: Straight Transaction; Installment; Recurring Payment System (RPS); Remote Wireless Payment; Mail Order Telephone Order and eCommerce.
BDO_Merchant_Card_Terminals_Online_Applicatin_03.png
This is the Example for BDO merchant credit card terminal Application

Step 3: Complete the Form and Submit.

Frequently Asked Questions:

  1. How will my business benefit from being a BDO accredited merchant?
    Being a BDO credit card merchant would also enable you to enjoy the perks of choosing BDO as a provider. As you know, BDO is the largest bank in the Philippines. And being one of the largest banks, choosing BDO as accredited merchant would provide your customers with better noncash payment getaway that will help not just to generate more revenues, but also to stimulate impulse purchases.
  2. How do I apply for accreditation?
    Just prepare all the needed requirements. What’s great about BDO is that you have the option to have a BDO representative to visit you so as to pick up all the required documents. You simply have to get in touch with them either via their e-mail address or their contact number. Also, you can submit at the nearest BDO Merchant Acquiring office.
  3. How long is the processing time?
    After you complete the submission of all the required documents, the bank will process and evaluate your application in an average of 7 working days. But it still depends if you pass all the required documents.
  4. I’m interested in straight payment. When will the POS terminal be installed and how is it used?
    After the approval of your merchant credit card application, the Point of Sale (POS) terminal installation shall be immediately scheduled by the officer in-charge. BDO will then send a representative from the bank who will help in assisting and training your store personnel about the basics as regards how to maneuver through not just the process of POS terminal, but also the credit card acceptance procedure and its security features.
  5. As a merchant, how will I be reimbursed?
    For a faster receipt of reimbursements, BDO has what it calls a Merchant Direct Credit Facility which allow you to credit your proceeds to your BDO account within 24 hours. You may opt to use your existing BDO account to serve as your merchant account, and if you want, you can also open another account.
  6. How can I reconcile my card transactions?
    You can contact BDO’s hotline to request to send credit card transaction details to your store. Soon enough, the viewing of card transaction details will then be made available to you. The card transaction can be in the form of mobile credit card reader or credit card swipe machine.
  7. I’m already an existing BDO merchant. How do I apply for affiliation of my new branch? Or request for changes?
    If you want to apply for affiliation for your new branch, go to the nearest BDO branch to request for an affiliation. But before doing so, it would be better to call BDO hotline first to inquire as regards the processing requirements to save you more time going back and forth.

    1. You can send them an e-mail at [email protected] or contact BDO hotline:
    2. Metro Manila based: (+632)631-8000
    3. Domestic Toll-Free Nos:
    4. 1800-10-631-8000 (PLDT)
    5. 1800-3-631-8000 (Digitel)
    6. 1800-5-631-8000 (Bayantel)
    7. 1800-8-631-8000 (Globelines)
    8. International Toll-Free Nos.: IAC +800-8-631-8000
  8. What is Merchant Discount Rate (MDR)?
    A Merchant Discount Rate is the rate charged to a merchant by an acquiring bank for providing debit and credit services. How much the rate would be depends on a variety of factors such as potential risks, volume, and ticket price.

Merchant Partnership benefits

BDO-accredited merchant has become a necessity for many establishments. Be accredited with BDO and experience the convenience of the following benefits:

  1. Increase in sales volume by accepting Credit and ATM/Debit card payments
  2. Reduction in cash handling problems (e.g. shortages)
  3. Payments automatically credited to merchant’s BDO CASA account
  4. Accessibility of daily payment report
  5. Dedicated Call Center and Authorization Center for BDO merchants

List of accredited billers / merchants

      1. CABLE COMPANIES
INSTITUTION NAMEPRODUCT NAME
PILIPINO CABLE – Laguna / CavitePILIPINO CABLE – Laguna / Cavite
PILIPINO CABLE – BacolodPILIPINO CABLE – Bacolod
PILIPINO CABLE – BaguioPILIPINO CABLE – Baguio
PILIPINO CABLE – IloiloPILIPINO CABLE – Iloilo
PILIPINO CABLE – CaMaNaVaPILIPINO CABLE – CaMaNaVa
CENTRAL CATV (ZPDEE)CENTRAL CATV (ZPDEE)
DAVAO CABLEWORLD NETWORK INC.DAVAO CABLEWORLD NETWORK INC.
PACIFIC CATV INCPACIFIC CATV INC
CEBU CABLE TV INCCEBU CABLE TV INC
MOONSAT CABLE TV INCMOONSAT CABLE TV INC
MACTAN CABLE TV INCMACTAN CABLE TV INC
BISAYA CABLE TV INCBISAYA CABLE TV INC
SUN CABLE SYSTEMS DAVAO INCSUN CABLE SYSTEMS DAVAO INC
CABLELINK – PARAÑAQUE CABLE TVCABLELINK – PARAÑAQUE CABLE TV
CENTRAL CATV (SKY CABLE)CENTRAL CITY CATV (SKY CABLE)
PILIPINO CABLE – GMA / RizalPILIPINO CABLE – GMA / Rizal
      1. CREDIT CARD COMPANIES
INSTITUTION NAMEPRODUCT NAME
EASTWEST CREDIT CARDEASTWEST CREDIT CARD
VISA INFINITE / PLATINUM CREDIT CARD
PERSONAL LOAN
STANDARD CHARTERED BANKVISA
MASTERCARD
HONGKONG SHANGHAI BANK CORPORATIONCREDIT CARD
CITIBANKCITIBANK VISA
CITIBANK READY CREDIT MLA/CEBU
CITIBANK READY CREDIT INSTALLM
CITIBANK MASTERCARD
BANKARD / RCBC BANKARDRCBC MASTERCARD
RCBC JCB
BANKARD MASTERCARD
BANKARD MASTERCARD USD
BANKARD ONE
BANKARD JCB
BANKARD VISA
BDO PESO PAYMENT TO PESO CARDMASTERCARD
VISA
SM PARTNER PLUS
JCB
AMEX
COMMERCIAL CARD
VISA PURCHASING
VISA DISTRIBUTION
CHINA UNION PAY
      1. FINANCIAL SERVICES – OTHER BANK LOANS
INSTITUTION NAMEPRODUCT NAME
HSBC PERSONAL LOANHSBC PERSONAL LOAN
CITIBANK SAVINGSCITIBANK SAVINGS
TOYOTA FINANCIAL SERVICES PHIL CORPTOYOTA FINANCIAL SERVICES PHIL CORP
CASH EXPRESS WORLDWIDECASH EXPRESS WORLDWIDE
UNICAPITAL SECURITIES, INC.UNICAPITAL SECURITIES, INC.
      1. GOVERNMENT INSTITUTIONS INSTITUTION
INSTITUTION NAMEPRODUCT NAME
E-CENSUSE-CENSUS
SOCIAL SECURITY SYSTEM
(Phase 1 is for BDO Remit Offices & CBN Ports only)
SSS CONTRIBUTION
SSS REAL ESTATE LOAN
SSS SHORT TERM LOAN
      1. INSURANCE COMPANIES
INSTITUTION NAMEPRODUCT NAME
PHILAM LIFE INSURANCE COMPANYPHILAM LIFE INSURANCE COMPANY
PHILPLANS FIRST INC.PHILPLANS FIRST INC.
PRUDENTIAL LIFE PLANS INCPRUDENTIAL LIFE PLANS INC
PIONEER LIFE (T3P)PIONEER LIFE
BLUE CROSS INSURANCEBLUE CROSS PESO
BDO LIFE ASSURANCE COMPANY – PESOBDO LIFE ASSURANCE COMPANY – PESO
GENERALI NON-LIFEGENERALI NON-LIFE
MANULIFE FINANCIAL PLANSMANULIFE FINANCIAL
MANULIFE PHILSMANULIFE PHILS
MAXICAREMAXICARE
ST. PETER LIFE PLANSST. PETER LIFE PLANS
SUNLIFE FINANCIAL PLANS INC.SUNLIFE FINANCIAL PLANS INC.
SUNLIFE OF CANADA PHILS. INC.SUNLIFE OF CANADA PHILS. INC.
INSULAR LIFEINSULAR LIFE
LOYOLA PLANS, INC.LOYOLA PLANS, INC.
BDO INSURANCE BROKERS INC.BDO INSURANCE BROKERS INC.
      1. REAL ESTATE / DEVELOPMENT COMPANIES
INSTITUTION NAMEPRODUCT NAME
SM DEVELOPMENT CORPSM DEVELOPMENT CORP
PICO DE LOROPICO DE LORO
TWENTY TWO FORTY ONETWENTY TWO FORTY ONE
FILINVEST LAND INCFILINVEST LAND INC
NORTHPINE LANDNORTHPINE LAND
DMCI PROJECT DEVELOPERS INCDMCI PROJECT DEVELOPERS INC
MEGAWORLD CORPORATIONMEGAWORLD CORPORATION
PHINMA PROPERTY HOLDINGS CORPPHINMA PROPERTY HOLDINGS CORP
CENTURY CITYKNIGHTSBRIDGE
GRAMERCY
CENTURY LIMITLESSAZURE
STA LUCIA REALTY & DEV’T, INCSTA LUCIA REALTY & DEV’T, INC
STA LUCIA LAND, INC.STA LUCIA LAND, INC.
SUNTRUST PROPERTIES, INCSUNTRUST PROPERTIES, INC
ETON PROPERTIES PHILIPPINES INC.ETON PROPERTIES PHILIPPINES INC.
TMS GLOBAL CONSULATANCYTMS GLOBAL CONSULATANCY
ASIAN LANDASIAN LAND
      1. SCHOOLS / UNIVERSITIES
INSTITUTION NAMEPRODUCT NAME
LETRAN TFLETRAN TF
ADAMSON UNIVERSITYADAMSON UNIVERSITY
SAN SEBASTIAN COLLEGE RECOLETOSSAN SEBASTIAN COLLEGE RECOLETOS
ST. SCHOLASTICAS COLLEGEST. SCHOLASTICAS COLLEGE
      1. TELECOM / INTERNET COMPANIES
INSTITUTION NAMEPRODUCT NAME
SMART COMMUNICATIONS INC.SIBS (Digital Mobile & Addict Mobile)
GLOBE TELECOM INC.Globe Mobile
ISLACOM / INNOVE COMMISLACOM / INNOVE COMM
PRIMEWORLD DSI / PRIME COMMUNICATIONSPRIMEWORLD DSI / PRIME COMMUNICATIONS
BAYAN TELECOMMUNICATION, INC.BAYAN TELECOMMUNICATION, INC.
TRI-SYS INTERNET (Inter-Island Information Systems Inc.)TRI-SYS INTERNET
SMART MONEY RELOAD / SMART PADALASMART MONEY RELOAD / SMART PADALA
DIGITELDIGITEL
SOLID BROADBANDSOLID BROADBAND
SUN CELLULARSUN CELLULAR
      1. AIRLINE COMPANIES
INSTITUTION NAMEPRODUCT NAME
CEBU PACIFIC AIRCEBU PACIFIC AIR
      1. NON-GOVERNMENT FOUNDATIONS
INSTITUTION NAMEPRODUCT NAME
ABS-CBN LINGKOD KAPAMILYA FOUNDATION, INC.BAYANTEL
BANTAY KALIKASAN
PROGRAMA GENIO
KAPIT BISIG PARA SA ILOG PASIG
BAYANIJUAN
SAGIP KAPAMILYA
GENERAL FUND
mastercard_visa_american_express_jcb_union_pay_dinners_discover_logo.png
A card issued by BDO or any other local or international bank bearing any of these logos may be swiped in the Point-of-Sale (POS) terminals provided by BDO

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