MERCHANT ACCOUNTS
MERCHANT ACCOUNTS:
Before your business can accept credit card payments via a website you must set up a Merchant account. Customers all over the world will be able to buy your goods and services and benefit from the convenience and security afforded by credit card payment.
Common types of business seeking a merchant account include:
· General E-Commerce
· ForEx / Stock Market Traders
· Adult Entertainment
· Pharmaceuticals
· Online Gambling
The basic conditions for a merchant account are:
· All major Credit / Debit Cards accepted (Visa only for pharmaceuticals)
· Multi Currencies
· Weekly pay-outs; in arrears
· Rolling float of 10% is held for 180 days
· Minimum monthly sales €5000
Indicative Fees Only (subject to restrictions including monthly volume, and regulatory business history):
Business Type / Service |
Fee |
|
| Processing | 7..5% |
| Per transaction fee | €0.65 |
| Monthly fee | €25 |
|
| Processing | 5.5% |
| Per transaction fee | €0.25 |
| Monthly fee | €45 |
|
| Processing | 7.5% |
| Per transaction fee | €0.65 |
| Monthly fee | €45 |
|
| Processing | 4.0% |
| Per transaction fee | €0.35 |
| Monthly fee | €10 |
|
| Processing | 4.0% |
| Per transaction fee | €0.35 |
| Monthly fee | €10 |