Accepting online payments
For many small businesses, accepting payments online offers major benefits. Customers increasingly expect this facility and it can improve your cashflow significantly.
It's easy to accept cheques or invoices for your online sales and to process payments in the traditional way. However, because buyers often use the internet for a…
The Payment Card Industry Data Security Standard (PCI DSS) - is a worldwide security standard developed by the Payment Card Industry (PCI) Security Standards Council to protect cardholder information, such as credit and debit card numbers and cardholders' personal details. It includes requirements for security management, network architecture, software design,…
You can use the following scenarios to help you choose the best option for your business.
Internet merchant account (IMA)
Your business already accepts debit and credit card payments for face-to-face transactions. You expect a fairly high number of online transactions, most of which will be simple and low risk.…
To accept credit or debit card payments directly online, you'll have to set up an internet merchant account (IMA).
There are several banks and processors that currently offer IMAs. These are referred to as merchant acquirers or acquiring banks - see the page in this guide on how to find…
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