Online Merchant Facilities
Acquiring an Online Merchant facility from your bank
Establishing a system for processing credit cards online
is a relatively simple process, not unlike acquiring a merchant
facility to process credit cards via an EFTPOS terminal.
Do you need one?
Your EFTPOS Merchant Agreement does not permit
you to process payments using credit card numbers acquired
online!
Credit card details acquired on a website offer a different
risk profile to banks. The banks also offer customers, using
credit cards online a higher amount of consumer protection,
including different refund options.
Hence, an Online Merchant Agreement is required
to acquire and process credit card details acquired from a
website.
What will you need to do?
The Online Merchant Agreement requires you to complete a
number of tasks.
-
Completion of an Application Form
-
Presentation of an outline Business Plan
-
Payment of an Application Fee (<$200)
How do you get one
It is best not to attempt to get one from your Bank Manager,
Branch Managers tend to be relatively uninformed about their
eCommerce Payment Systems.
We can put you in touch with the eCommerce Department
of your preferred Bank, and advise you which banks are processing
Applications fastest. Our contacts will normally process an
application within 3 working days, 5 maximum.
Complete the form below and our eCommerce Consultants will
be in touch during the next business day.
|
