Understanding Ecommerce

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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.

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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.

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Extended Epstein-Heisenberg Principle: - In a program atmosphere, only two of the three existing measurements can be measured simultaneously. The measurements are program, time, and resource ($). - If one knows what the task is, and there is a time limit allowed for the completion of the task, then one cannot guess how much it will cost - If the time and resource ($) are clearly defined, then it is impossible to know what part of the program will be performed. - If you are given a clearly defined program goal and a definite amount of money which has been calculated to be necessary for the completion of the task, one cannot predict if and when the goal will be reached. - If one is lucky enough and can accurately define all three measurements, then what one deals with is not in the realm of programming.

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