5 replies to this topic

[JMorjaria]

So far ive been told to get an internet merchant account inorder to process credit cards. I want to set up an online store using VISA, Solo ect. How can I go about doing this, I have SSL hosting. Any ideas. Is it neccessary to get Merchant account. im from the UK and am 17 so im not sure whether I can even get the Merchant account!

Any ideas??

[strictlyhiphop]

Why don't you try PayPal

[JMorjaria]

Is that how everyone else has opened their e business by setting up a merchant account. I dont mind doing it Im just looking at all my options, thanks

[Nimmit]

It depends on how much you are selling. If you are only selling a bit then something like pay pal is absolutely fine. If you start turning over quite a lot then you’ll probably find that the fees are a bit big and go for something which requires you have a merchant account. We have got a merchant account with worldpay (royal bank of Scotland) they did quite a rigorous checking when we signed up with them. Depending on how much capital you have a lot of merchant accounts have quite a big remittance period (how long it takes for you to get your money!!) the can vary anything from 2-8 weeks which is fine if you have money in the bank but if your only small fry could end up tying up capital better used else ware.

Hope this helps a bit

Nimmit
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[Slime101]

Another not about worldpay is their charges, they are astronomical, we pay 1.58% for card processing through natwest streamline, for our e-commerce side we looked at worldpay buy 4.5% + deposit charges + them sitting on the cash for 4+ weeks is just rediculous!!

[DavidGeran]

How do you integrate Streamline Direct with osCommerce? We use Worldpay at the moment (yep, astronomical charges etc) but we're about to sign up to Streamline Direct.

Any help most appreciated.

Regards,
Dave