Understanding
E-commerce
In
order to accept payment options online you should have:
1.
A genuine and legal reason to sell products
2. A bank account that can process electronic banking transactions.
Most US / UK banks can do this. Banks in the Caribbean are very
limited in this aspect so you will have to check with yours.
3. A merchant account, a third party processing agent that actually
gets the credit card info and processes it. Your bank is not necessarily
a merchant account as they may only receive the money but not
process the payment.
4. A web site with some sort of shopping cart system to collect
the amount and items your customers want to purchase. That is
where we come in. See our Price Packages
for options.
Frequently
Asked Questions
Q.
How do I go about getting a Merchant Account if I'm in T&T?
A.
That is difficult. Unless you are planning to sell in great quantities
then you are going to be spending a lot of money each month dealing
with local banks. Your best bet is to have a legal business partner
collecting the transactions for you in the US since US banks are
very versatile in this area. With this arrangement you can then
collect payments through PayPal, Google and others without worry.
Contact Us for a consultation.
More
FAQ...