What is classified as a change of legal entity?
A change of legal entity is where there is a change to the entity which is financially and legally responsible for those activities performed under UKAS accreditation (United Kingdom Accreditation Service).
If you are changing your legal entity, we will submit a new application to the bank and obtain a fresh merchant ID. Once it is live and everything (such as assets, gateways) is transferred, the old account can be closed to prevent further charges.
Please note there is a £250 Admin Fee for a CLE.
Please contact us at support@blinkpayment.co.uk with your merchant ID and your request in the subject, along with the below information:
Company registration number
Company’s legal entity name
VAT number
Main point of contact details i.e. name, mobile/phone number, email address
2 Director’s DOB and residential address
Trading Name for the new MID
Trading Address for MID
Proof of banking i.e. bank statement that shows date, company legal name, sort code and account number, IBAN
Proof of trading address i.e. utility bill showing business trading name and address
Business Annual Turnover
CTO (Card Turnover)
ATV (Average Transaction Value)
Would you like to switch over any assets, or are there any additional ones you’d like to lease, such as terminals, gateways or a new Blink Plan?
Confirmation of MID type - ECommerce, Card Present, Card Not Present?
Split of MID i.e. 90% ECOM, 5% CP, 5% CNP
Please provide identification documents for the signatory and non-British National directors, such as a passport, driving license, or ID card
Once received, we can review and let you know if the bank requires anything further!