Need Help

1067 Views 5 Replies 5 Participants Last post by Rodney, Aug 2, 2006

Dom

Discussion Starter · Aug 2, 2006

hi, i am dom
i am doing a website.
it will have a on line store
ofcouse selling tee shirt
The problem is

how to let people through a ONLINE BANKING to send their money to my account, then bought my tee. like visa, master,paypal...
Is it not all Bank will do that?because i call for their sevrvice hotline, they really dont know what i asking about.
So hope you guys can help
Thx

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monkeylantern

· #2 · Aug 2, 2006

I think what you're looking for is a merchant account (contact the business section), not online banking.

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Dom

Discussion Starter · #3 · Aug 2, 2006

Have any link is about that?
is it need give a commission to them for sold each product, or what other details?

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Solmu

· #4 · Aug 2, 2006

Dom said:
Have any link is about that?

A few credit card merchant services have been discussed/recommended on the forums. A search for terms like merchant account should turn up some results.

Dom said:
is it need give a commission to them for sold each product, or what other details?

Obviously the fee structure will depend on the company you select, but a common pricing structure is a monthly fee (often around USD $50 - sometimes includes a certain number of free transactions, sometimes doesn't), and then a per transaction fee. The transaction fee is usually a percentage (or a nominal flat fee plus a percentage - much like Paypal), but is occasionally just a flat fee per transaction.

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Adam

· #5 · Aug 2, 2006

Is it not all Bank will do that?because i call for their sevrvice hotline, they really dont know what i asking about.

Tell me about it.

Fees varie a lot. Ones I have been with charge a yearly fee, take a percentage for credit cards, and take pennies for debit cards.

Some though will charge setup fee, authorisation fee, monthly fee, transaction fee, and bank transfer fee. My bank does every single one of them!!! Oh I tell I lie they would waive the auth fee as a special offer.

Here's an example:

£250 setup
£25 a month
2% per transaction, 1% if pushing more than 10K a month (elec transfer into bank)
2.34% CC
2.78% Company Card
35p Debit card

See less See more

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Rodney

· #6 · Aug 2, 2006

how to let people through a ONLINE BANKING to send their money to my account, then bought my tee. like visa, master,paypal...

If you want the ability for people to pay you via PayPal, then you can visit the PayPal website and signup at www.paypal.com . It's free to signup and they just charge a small percentage for each transaction. Using their tools, you can accept visa,mastercard,discover, american express and echecks (funded directly from the customer's checking account).

You can also try out Google Checkout. That will allow you to accept credit cards. https://checkout.google.com/sell?promo=sbhp

Another way is the "traditional" merchant account like Adam detailed above.

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