The high speeds of broadband means that it is possible to both pay for and accept
payment on goods and services. Paying directly
online
means that you do not have to actually ‘handle’ any cash as it is all done by debit
or credit card. If you are setting up an eshop you may wish to consider allowing
your customers to order and pay directly on your site
Paying directly online by debit or credit card is a tricky business, and because of
the high possibility of payment fraud, you will need to follow strict guidelines
set up by the bank. Before doing anything else, you will need to set up a merchant
account with an
“
acquiring bank”.
Card payments from the
internet
will then be paid into your
merchant account,
usually within four days.
