Understanding Ecommerce

Wed, 28th September, 2016 - 10:12 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

The Ninth Corollary to Murphy's Law: Nature always sides with the hidden flaw.

Sharing is Caring, "LIKE" buttons:

Search via our Community for:

Understanding E-commerce Coded by: BGID®  |  ALL RIGHTS RESERVED Copyright © 1999-2016
Disclaimer  |  Privacy  |  Report Errors / Contact  |  Credits

Register/Login via:

Latest Topics


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

Latest Member Intro

Newest Members

Updated every: 31 minutes

Movies

Miss Peregrine's Home For Peculiar Children: What are your reviews for this flick? By Cherish 1 Week Ago
The Magnificent Seven: What are your reviews for this flick? By Factual 13th Sep, 2016 - 10:27am
Free State Of Jones: What are your reviews for this flick? By Pandora 10th Sep, 2016 - 7:23pm
The Whole Truth: What are your reviews for this flick? By Pandora 3rd Sep, 2016 - 11:29am
Ben-Hur: What are your reviews for this flick? By Malcolmshaw 24th Aug, 2016 - 9:30pm
Bad Moms: What are your reviews for this flick? By News 2nd Aug, 2016 - 4:32pm
Hell Or High Water: What are your reviews for this flick? By Factual 2nd Aug, 2016 - 2:45pm
Anthropoid: What are your reviews for this flick? By Factual 2nd Aug, 2016 - 7:34am
The Space Between Us: What are your reviews for this flick? By Factual 31st May, 2016 - 2:33pm
The Legend Of Tarzan: What are your reviews for this flick? By Factual 29th May, 2016 - 7:57pm
The Jungle Book: What are your reviews for this flick? By Abelard 13th May, 2016 - 6:57pm