Accepting online payments
Online payments are processed by acquiring banks. Currently, businesses can open an internet merchant account (IMA) with the following acquiring banks to receive payments from credit and debit cards:
Alliance and Leicester
Allied Irish Bank
Bank of Scotland
Bank of Ireland
Barclaycard Business
First Trust Bank
HSBC
Lloyds TSB
NatWest/Royal…
Banks that offer internet merchant accounts (IMAs) for accepting card payments have strict requirements. When you apply for an IMA, the bank will want to know certain details about you and your business. You will need to:
outline your business plan - including details of your cashflow and how you'll…
Payment-processing companies obtain payment from your customers' credit and debit cards on your behalf and forward the money to you. They offer a useful alternative for businesses who have a smaller turnover from card transactions or who can't open an internet merchant account (IMA) with an acquiring bank.
It's a…
An online shopping mall can be a good alternative if:
you're looking for an online route to customers as an optional extra to your normal sales channels
you want to extend the number of online outlets your customers can use
An online mall brings together a number of online shops…
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