Understanding Ecommerce

Sat, 19th August, 2017 - 5:23 am GMT
Home Business Network Contact Us +

What Is Mechant Banking?

Merchant banks allow you to receive money from customers via your own regular bank. It is a three entity partnership: you, your bank, and the Medrchant Bank.

Sponsor Ads:

Q. How do I go about getting a Merchant Account?

A. Usually, merchant accounts can be obtained via companies like Pay Pal Business and others who have an established online presence. You apply for them online and they work in conjunction with your bank. Therefore, you should have a Visa debit or other named credit card in order to receive and send money electronically.
Is E-commerce For You?

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 Packages for options.

About Us How to Start Packages Designs Services FAQ Hosting Top

Don't stop think about tomorrow. Don't stop it will soon be here. -- Song I heard on the radio - (Yesterday's gone?)

Share:


Search via our Community for:

Understanding E-commerce Coded by: BGID®  |  ALL RIGHTS RESERVED Copyright © 1999-2017
Disclaimer  |  Privacy  |  Report Errors / Contact  |  Credits

Register/Login via:

Latest Topics


Video: International Discussions

Key: Background for Upgraded Members
Updated every 5 minutes See More

Latest Member Intro

Newest Members

Updated every: 31 minutes

Highlights

Donald Trump: Can you see him as the next President of one of the most powerful countries in the world, the United States of America? By Opinion 1.2 Day(s) Ago
The Trump Immigration Wall: What are your thoughts about this Topic? By News 1.6 Day(s) Ago
Russia vs USA: Will there be a World War over the expansion of Russia? By Abnninja 1 Week Ago
Another 9/11: What are your thoughts about this Topic? By KNtoran 1 Week Ago
A Science Fiction Continue The Story RPG: What are your thoughts about this Topic? By Abnninja 1 Week Ago
Global Warming: Natural Or Man-made?: What are your thoughts about this Topic? By KNtoran 2nd Aug, 2017 - 12:06am
Men In Uniform - Authorized Excessive Violence: What are your thoughts about this Topic? By KNtoran 30th Jul, 2017 - 1:02pm
Atheists Not To Be Feared!: What are your thoughts about this Topic? By JoePublic 24th Jul, 2017 - 12:45am
Wide Screen Columns: Now your screen is not as empty as before. What are your thoughts about this new feature in the Community? By Hunter 23rd Jul, 2017 - 1:10pm
Offensive Trademarks: What are your thoughts about this Topic? By Abnninja 20th Jun, 2017 - 4:16pm
Donald Trump & Muslims: Can Trump stop Islamist without aggrevating the Middle East? By News 21st May, 2017 - 8:37pm
The 9.11 Conspiracy: What are your thoughts about this Topic? By Abnninja 22nd Mar, 2017 - 10:48pm

Updated every: 14 minutes