Understanding Ecommerce

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.

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.