Internet Merchant Accounts are designed to facilitate credit card transactions over the internet. If you operate an online business and do e-commerce, we have the perfect solutions for you to obtain privacy, and avoid all of the burdensome rules and regulations surrounding online e-commerce in your domestic country.

Merchant Account Processors
Internet Merchant account processing services are provided by a bank or a third party processor to the merchant. These services include authorization of credit cards, settlement of funds through the bankcard associations ( MasterCard, Visa, etc.), depositing of funds into checking accounts, merchant billing, and account activity reporting.

The one we recommend for you will depend on your particular business model. That most merchant providers do not accept certain types of high risk businesses, such as online gambling, betting, porn, or sales of addictive substances. However, we have relationships with several merchant processors, so if one particular processor does not accept your business model, then we have others who may, although the set up and processing costs may be slightly higher for high risk credit card processing.

The merchant processing service functions under the SSL ( Secure Socket Layer ) system which codifies the information and this security system is one of the most advanced in the market today. It consists of one secure connection between the merchant and the processor, which guarantees that the information is never lost or reproduced to other parties.

For additional security the Merchant Processor requires that you obtain a digital commercial security certificate for your website forms.

Requirements for Set Up of Merchant Account:

Professional References:
At least 1 professional reference letter (original, dated within 3 months) is required to open the account.

Financial References:
At least 1 financial reference letter (original, dated within 3 months) is required to open the account.

Corporate Bank Account:
This is where the proceeds from the merchant account transactions will be deposited.

Letter Describing Your Business:

A letter should be provided with the following information:

- Photocopy of passport for all company directors,
officers, and legal representatives or signatories of
the account.

- Summary of your business activities.

- Description of products and/or services sold online.

- Previous or expected business volume (annual
revenues, sales, etc.).

- Jurisdictions your company currently doing business in.

- Year your company was incorporated.

- Jurisdiction where site is hosted.

- Estimated charge-back percentage.

- Website URL that will be used for selling your product or
service.

 

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