Where do people go to buy stuff online these days?
Do they carefully research, find the producer’s homepage and place their order in the official online shop? Or do they head straight to a big marketplace, like eBay or Amazon, and use the search option to compare the options available first?
The title sends shivers down your spine, doesn’t it?
If you are an internet merchant, that is.
When you think about selling on the Internet – it’s not always an obvious matter of do’s and don’ts.
From the outside it may seem that online payments are easy. You just need to attach your webpage to a paying agent of your choice and swoosh, ready to go. The money just starts flowing.
We – entrepreneurs – think about ourselves as businessmen. Trustworthy people, who believe in our idea and the business model we have in our heads. Then someone tells us that we are a high risk merchant. Us?! No! Of course not. It has to be some mistake. Unfortunately it’s not.
Yeah, that’s possible. And in fact not so rare. The same card, similar transaction. We are able to pay for one product (on website #1), but we aren’t for another one (on website #2).
The latest hot topic in Poland is travel agents’ problems, which in fact means also problems of people using their services. First Sky Club went bankrupt, then Alba Tour. And right after that, Africano Travel. The news of these companies surprised thousands clients who were halfway through their vacation, thousands of miles away.
Safe Return Home
The priority in such a situation is for the tourists to return home safely. One can hope that the trip’s insurance will cover the costs, but, as recent events have shown, the Foreign Office is of great help with organizing and paying for return journeys.
After finally returning home, another thought comes to mind – lost time and money. And although no one will make up for the wasted vacation, is there a way to get back the money spent on the trip?
How to seamlessly integrate with a payment gateway using API? What are the common mistakes made in the process of designing? How to design transactions’ flow in the system? How much can it cost you? Do you need still a test gateway after integration?
So many questions, yet all answers can be found in this tutorial. Awesome, right?
I keep hearing the same questions over and over again and it doesn’t look like coming to an end… What the hell is a PayLane account? What’s the difference between a PayLane account and a merchant account? How many accounts do I need to have? And so on…
So let’s make it clear once and for all. Quick and short. Here’s what it’s all about.
When applying for a merchant account, you’ll be asked to fill out a merchant application. The application is typically standard across most merchant service providers with regard to the information collected on the application.
In addition to the application, you’ll be required to provide support materials as they relate to the business and owners. Required merchant account support documents are as follows:
- Business organization documentation
- Business articles of incorporation
- Or Non-Profit documentation
- Or Sole Trader documentation
- Company Directors’ proof of identity
- Voided business check
- Business or applicant financial documentation
- Previous processing statements
- Or business banking statements
- Or owner(s) personal banking statements