Merchant Of Record

All business account on Vesicash is opened to a Merchant of Record service. By default a USD and a GBP MoR wallet is created for all account after ongoing proper onboarding on the platform.

Our MoR service cuts across some African countries, such as Ghana, Kenya, Egypt, South Africa and Zambia. To setup an MoR service in any of these countries, you would need to sign an MoR agreement on that country on Vesicash platform. Then you should be eligible to carryout transaction in that country.

Each MoR transaction attracts a certain sales tax percentage, which would be deducted when your MoR funds is being processed from your MoR wallet to your base wallet