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Netbank Mobile │ Merchant Accounts
FUELING GROWTH FOR MICRO, SMALL AND MEDIUM ENTERPRISES (MSMEs)
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?
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:
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Valid ID of Authorized Signatory
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Photo Signature
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Selfie together with your Valid ID
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Local Government Business Registration
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National Business License (DTI)
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BIR Registration (if available)
This merchant account also offers interest at 2% with daily crediting starting August 20, 2024.
The Turnaround time for the Approval after the user submits the merchant account application or after registration is listed below.
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Account Applications before 5pm PST during banking days will be processed the same day.
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Account Applications after 5pm PST will be processed on the next banking day.
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Account Applications on Fridays after 5pm PST will be processed on the next banking day (Monday).
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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.
Interest Rate
Savings
4% interest rate p.a with daily crediting
Time Deposit
6 months with 6% interest rate p.a
12 months with 7% interest rate p.a
Charges & Fees
Fund Transfer
From Netbank Mobile to other banks
Instapay Free
PESONet Free
From Netbank to Netbank
Free
Cash-In
Ayannah Network Php 40.00
ECPay Network Php 20.00
Mluillier Php 30.00
VIP Center Php 5.00
Cash-Out
Ayannah Network 3% of the transaction amount
Mluillier 2% of the transaction amount
Note: No charges/payment shall be asked by the counters and stores on top of your deposit/cash-in or withdrawal/cash-out amount.
Contact us at cs_mobile@netbank.ph
Customer Support Team is only available 8AM to 5PM Monday to Friday
Frequently Asked Questions
Connect with Us
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"Netbank Mobile operates on a quest for financial equity! Picture this: we're crafting a landscape where 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."
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