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Thread: I would like to understand

  1. #1
    Registered pierrebenoit's Avatar
    Join Date
    Jul 2004

    I would like to understand


    I would like to understand how money can go from my website to my bank account (not technical aspect, only the steps).

    - In the website, I put the shopping cart
    - I need a merchant account to accept credit card.
    -??? and what?

    I would like to build a yahoo! store.
    I have a bank account in Europe and I'll open a merchant account in the us

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  2. #2
    Administrator Chris's Avatar
    Join Date
    Feb 2003
    East Lansing, MI USA
    I think you'd need a bank account in the US for a US merchant account.
    Chris Beasley - My Guide to Building a Successful Website[size=1]
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  3. #3
    Join Date
    Sep 2004
    im sure there are ways to not have a US bank -- Check with bigger, more global banks.

  4. #4
    Site Contributor stymiee's Avatar
    Join Date
    Dec 2004
    Between the Pipes
    Quote Originally Posted by Chris
    I think you'd need a bank account in the US for a US merchant account.
    Correct. You also need a US business address. Some companies might be able to work around this but they are very few and very expensive due to the risk associated with foreign accounts.
    John Conde :: brainyminds
    Merchant Account Services -- Merchant Services Resources
    IT'S HERE: Integrate the Payment Gateway with PHP
    Everything you need to integrate into your website with PHP. Includes an explanation of how transactions work, validating credit cards, and the source code for free.

  5. #5
    Registered Will's Avatar
    Join Date
    Jan 2005
    And donít they verify customerís US business address?


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