GCash Merchant: Steps, Requirements & Benefits

GCash is an excellent help to average consumers and business owners who seek business solutions.

GCash for Merchants provides a dedicated GCash QR that can accept payments from GCash users, automatically transfer funds to bank accounts, and generate insights.

If you want to know more about GCash merchants, check out all the details in this article.

What is a GCash Merchant?

A GCash partner merchant can easily be recognized through the presence of a QR code at the store premises or the cashier during checkout.

It leverages the already existing user base of GCash, which is literally in the millions.

Merchants also don’t have to worry about the security of the system and the transfer of funds to their bank account as GCash is accomplishing this.

They can also generate reports based on the sales processed through the GCash QR feature.

Is it worth it to be a GCash QR partner merchant?

Is it worth it to be a GCash merchant

Although being a GCash QR partner merchant doesn’t guarantee that you will realize sales, it has many benefits.

You can join in the regular marketing activities of GCash, which can reach the eyes of potential customers.

Having the GCash QR displayed on your store location can also positively affect your association with GCash, an established brand.

You can save some GCash users the hassle of cashing out their funds, especially when they do not have a GCash Mastercard.

There is a lower fee for GCash QR compared to debit and credit cards when talking about sales.

How to apply as a GCash merchant

If you want to know how to be a GCash merchant, here are the easy steps:

Step 1: Check the application requirements here.

Step 2: Click the Apply Now button and fill out the Google Form.

Step 3: Wait for the verification from a GCash representative.

Step 4: Send the printed copies of the application forms to the GCash representative.

Note that the submitted documents differ between sole proprietorships, partnerships, and corporations.

How to generate merchant QR code on GCash

You do not need to generate a QR code on the GCash app as a merchant because GCash will provide you with a QR kit.

But actually, you do not necessarily have to apply as a GCash QR partner merchant if you want to receive payments using your QR code.

Follow these steps to generate your GCash QR:

Step 1: Open the GCash app on your smartphone.

Step 2: Click the QR icon on the lower-left portion of the screen.

Step 3: Tap on the Generate QR code box.

Step 4: Select Receive Money via QR Code.

Step 5: Download and print the QR code displayed.

You can also edit the nickname of your GCash QR into the name of your business.

Shoppers only need to scan your QR code, then GCash will direct them to send money.

Note that they can only pay using their GCash balance and not GCredit.

How to pay the merchant using GCash

If you are a shopper in a store location, follow these steps on how to pay using GCash QR:

Step 1: Ask first if the store accepts GCash QR payments or go to the cashier with the GCash QR logo or GCash lane.

Step 2: Open the GCash app on your phone, click the QR icon below the screen, or try swiping the left of the screen.

Step 3: Direct your phone camera to the displayed QR code of the merchant.

Step 4: Pay for the exact amount through GCash or GCredit, whichever is applicable.

You do not need to provide any OTP as the amount will automatically be deducted from your account, and you will receive a notification SMS.

What are the requirements for sole proprietors?

You are considered a sole proprietor if you operate your own business, and here are the requirements:

  • DTI Business Registration
  • Proof of Bank such as a photo of passbook or deposit slip
  • the valid government-issued ID of the owner with signature
  • BIR Certificate of Registration or Form 2303

The template of the following requirements will be given to you by the GCash Account Manager:

  • Completed Merchant Application Form
  • Branch Enrollment Form
  • Non Disclosure Agreement
  • Memorandum of Agreement

Additionally, the Account Manager of GCash will accomplish a Risk Profiling Form for you.

What are the requirements for businesses under partnerships?

Your business is considered a partnership if it is SEC-registered as such, and here are the requirements:

  • The valid government-issued ID of the partners with signature
  • Proof of Bank such as a photo of passbook or deposit slip
  • SEC Certificate of Partnership (original, not amended)
  • Articles of Partnership
  • BIR Certificate of Registration or Form 2303

The template of the following documents will be given to you as well by the GCash Account Manager:

  • Completed Merchant Application Form
  • Branch Enrollment Form
  • Non Disclosure Agreement
  • Memorandum of Agreement

Additionally, the GCash Account Manager will accomplish a Risk Profiling Form for you.

What are the requirements for corporate businesses?

Your business is considered in this category if it is registered as one under the SEC, and here are the requirements:

  • The valid government-issued ID of the authorized representative with signature
  • Proof of Bank such as a photo of Passbook or Deposit slip
  • SEC Certificate of Partnership (original, not amended)
  • Articles of Incorporation
  • BIR Certificate of Registration or Form 2303
  • Notarized Secretary’s Certificate (Board Resolution of the corporate secretary and authorized Non-expired government-issued ID of the corporate secretary with signature
  • Latest SEC General Information Sheet

The template of the following documents will be given to you as well by the GCash Account Manager:

  • Completed Merchant Application Form
  • Branch Enrollment Form
  • Non Disclosure Agreement
  • Memorandum of Agreement
  • Ultimate Benificial Form

Additionally, the GCash Account Manager will accomplish a Risk Profiling Form for you.

FAQs

How fast can I get my GCash QR kit as a merchant?

The whole process from submitting documents to the production of the kits can take just eight days, while the delivery can take an additional 3 to 7 days, depending on your location.

You can check the Application timeline and other details if you want.

What is the wallet limit of GCash QR merchants?

Although the limit is not specified on the GCash QR info page on the GCash website, the maximum wallet limit is P500,000 for businesses, including BizStarter and GCash Plus.

How can GCash QR merchants get their money?

Those that applied and got approved for a GCash QR merchant account can access their funds under their virtual GCash wallet or when it is already transferred to their bank account.

The bank account detail is provided during the application process.

What is the transaction fee of merchants using GCash QR?

There is only limited information regarding the processing fee as indicated on the GCash website.

It is mentioned that it is more affordable than debit and credit card payments that can take up a small but significant chunk of sales, which is disadvantageous to small business owners.

It is also possible that you can only know the specific rate once you have signed the Non-Disclosure Agreement form.

On the Terms and Conditions page of GCash, no service fees, no GCash payment fees, and merchant discount rates only apply for one year, presumably from the date of application approval of GCash payment solutions.

On the Help Center page, it is also mentioned that there is a 2% transaction fee for every QR transaction.

You can know the exact rate once you have begun using the GCash QR as a merchant, which is to your advantage anyway.

What are the services that come with GCash QR?

If you are a GCash QR partner merchant, you will have the following materials and support:

  • Promotional merchandise and GCash Scan to Pay tools
  • Email or SMS notification for successful transactions and SMS verification of transaction status
  • Daily, weekly, or monthly transaction report, whichever is applicable
  • Daily bank settlement and virtual GCash wallet for partnership or corporate accounts
  • One time training on troubleshooting and primary usage
  • Merchant Hotline

If there will be changes with the Scan to Pay Service, GCash will notify the merchant, which is way better and business-friendly than implementing changes without prior notice.

Is GCash QR for in-store locations only?

Yes, the GCash QR for merchants is provided to those with a physical store location.

GCash has other business solutions that can be applied online only, storefront, both online and storefront, and sari-sari stores.

You can check more information here.

Do GCash QR merchants also accept GGives?

GCash QR merchants can accept GGives, but only if registered as partnerships or corporations.

GGives is the Buy Now Pay Later product of GCash that allows you to opt for 3, 6, or 12 months installment with zero to 4.99 percent monthly interest.

Who can I contact regarding GCash QR?

If you have questions about GCash QR, including inquiries on the application, you may email enterprise.telesupport@mynt.xyz.

You may also direct your questions to the GCash Account Manager assigned to you.

Conclusion

Having a GCash QR as a merchant will benefit you as a business owner and your patrons.

Apply for a GCash QR now to benefit from the GCash promotions and provide convenient, contactless transactions to customers.

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