Merchant account want to get a new account

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Icon Mini Profile manoj_gopale
manoj_gopale



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PostPosted: Wed Jun 24, 2009 1:31 am    Post subject: Merchant account want to get a new account

I recently faced one problem related to merchant account registration.I searched on the net about it but could not get any special information about it and how to set up that account.Can somebody shed some light on this??
Icon Mini Profile gmakerley
gmakerley
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PostPosted: Wed Jun 24, 2009 6:30 am    Post subject:

i'm sure someone can help you manoj, but i'm also sure it would quite helpful to have a bit more information, as in, what are you talking about?
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Icon Mini Profile savior70




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PostPosted: Wed Jun 24, 2009 6:35 am    Post subject:

Hi

A merchant account is an account that you set up with a financial institution so you can receive the credit card payments directly from your clients. You need to contact a Merchant Service Provider such as a bank or an Independent Service Organization to set up such an account. Dealing with the banks is considered more secure than doing it through an ISO.
Icon Mini Profile manoj_gopale
manoj_gopale



Joined: 16 Feb 2009

Posts: 481

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PostPosted: Thu Jun 25, 2009 9:09 pm    Post subject:

I have my own website and now wanted to add payment getaway to that but when I approached to my bank (ICICI) they told they do not have any such facility with them.Then I searched on the Internet for these facilities but here I could not find any substantial information about how to set up that.Really confused???

which banks offer these facilities?? and which are the best one?? Does anyone know about Paypal's merchant account information and what are the things (eligibiltiy ) for that??
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