Merchant accounts
To process transactions from your website you need to set up an internet merchant
account with an acquiring bank.
A merchant account is an agreement with a merchant bank that allows you to
accept payment by credit and debit card. This is a separate account from your
business account and you can have an internet merchant account at a different
bank from the one where your business account is located.
There are several types of merchant account available depending on how you want
to accept card payments. To accept transactions over the Internet using either the
eKashu Payment Page or CardEaseXML, you will need an Internet merchant account.
To accept transactions via mail order or over the phone using the eKashu Virtual
Terminal, you will need a Cardholder Not Present (CNP) merchant account (this is
sometimes called a Mail Order Telephone Order or MOTO merchant account).
Merchant account costs
All the banks have different requirements and fees. The rates they charge depends
on factors such as how long your business has been established, what type of
goods or services you sell and your turnover. These fees are set by the bank and
are independent of eKashu charges.
The bank will usually charge a merchant account set up fee, a percentage rate for
credit card transactions and a flat ’per transaction’ fee for debit card transactions. As
your online business grows it may be possible to negotiate a reduction in these charges.
Some banks offer improved rates if 3-D Secure is used
(Verified by Visa and MasterCard SecureCode).
Learn more
Supported merchant acquirers
eKashu currently supports the following acquirers:
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