HSBC Mexico

HSBC Mexico provides merchant terminals (TPV) and card acceptance for businesses in Mexico. The group is HSBC, and the offering is a bank merchant-acquiring product.

Acquiring terms Cards accepted are Visa and Mastercard, with American Express as an option. According to the bank, proceeds are credited on the next calendar day into an HSBC checking account, so merchants need an account with the bank to receive settlements.

Mail and telephone orders Telephone sales (MOTO) require at least one year of history with a bank TPV. This requirement applies to MOTO specifically and not to ordinary terminal acceptance.

Onboarding The client must provide business identity, tax and incorporation documents and a business address.

Services The listed services are merchant acquiring, POS and MOTO.

Who it suits The product suits Mexican businesses that want next-day settlement into a bank account at the same group, accept the two main networks and can optionally add American Express. Commissions and terminal costs are not given in the data and should be confirmed with the bank during the application.