A distance selling electronic payment contract, or VAD contract, is a pact between an ecommerce merchant in France and a bank. Under this contract, the bank allows the French merchant to make payments via its ecommerce site. The contract outlines all the payment methods used by the seller and the rates they charge for the sale of their products or the provision of payment services

The first step in obtaining a distance selling contract is to obtain authorisation from your bank. The bank will be the guarantor of transactions on your site, so it is essential to submit a bank file containing several documents as well as a business plan.

The bank may also ask for information about your online business, such as the URL of your ecommerce site, your e-mail address, the web host, your terms and conditions of sale and your contact details. This information is useful for drawing up technical specifications tailored to your business.

This is a long and tedious process, which can quickly prove complicated to put in place. The numerous administrative procedures involved can quickly become discouraging. Fortunately, there are new ways of saving time and energy. When you sign a contract with Mollie, all you have to do is add the Mollie payment system to your website. Customers select the payment method of their choice, enter their personal details and press "pay" to purchase the product or service you offer. Mollie then pays you and transfers the money to your bank account. No need to ask your bank and do a million administrative tasks, Mollie takes care of everything!