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.

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