This continues from a previous post.
After getting accepted by the credit card processing company in Europe I got a contract from them to sign and a short 5 minute (very polite) phone call which was just a small check to verify I'm indeed a real breathing person reachable at the phone number I provided. As mentioned before, I additionally proved my identity by mailing in utility bill and passport copies.
Next, I got a login / password to a site where I had to complete a self-assessment to indicate I know how to handle credit card details correctly. Because I am using Recurly and not touching any credit card details myself, this part was easy to fill and took less than an hour although I felt a bit intimidated to get started (what if I answer something wrong?).
Now the merchant account was open with the credit card processor, but their service could not yet talk with the recurring payments solution Recurly. A few days of confusion followed, as I had already received two sets of login / passwords from the credit card processor, but neither of those worked for interfacing with Recurly. Turned out a third set was needed just for API access.
Money from these transactions then appears on my bank account once a week via wire transfer. Well, there you have it, a simple case of accepting credit cards from start to end. Please comment on Hacker News or email email@example.com.