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Thread: I would like to understand

  1. 10-01-2004, 12:32 PM #1
    pierrebenoit
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    I would like to understand

    Please,

    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

    Thanks
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  2. 10-01-2004, 01:47 PM #2
    Chris
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    I think you'd need a bank account in the US for a US merchant account.
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  3. 10-01-2004, 03:01 PM #3
    joeychgo
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    im sure there are ways to not have a US bank -- Check with bigger, more global banks.
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  4. 12-29-2004, 09:22 PM #4
    stymiee
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    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.
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  5. 02-08-2005, 05:51 AM #5
    Will
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    And don’t they verify customer’s US business address?
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