];
Online credit card payment is important in e-commerce. In order to do so, a merchant account is required.
Client may apply for merchant account via their banks or payment gateway service companies.
Information required include :- Company information - registration documents showing shareholder, director etc.
- Business information - proving existence of actual business and history.
- Company bank account - a company bank account so that the moeny received can be transferred to.
- merchant account setup fee;
- monthly maintenance fee;
- transaction fee;
- money withdrawal fee (from merchant account to company bank account);
- exchange difference.