Third Party Payment Processor
If you want to take credit card and other forms of payment online and you do not have a merchant account, you can use a third-party payment processor.
These companies let you use their process payments via their merchant account and then transfer the money to your own bank account.
The advantage of this is that there is usually with very little setup required in terms of providing paper work and business documentation.
The downside is that it adds another layer of processing to your payments and therefore the commission charged for each payment is sometimes higher.
The best known third-party payment processor is PayPal.
August 8th, 2011 at 11:57 pm
To Whom it may concern,
When buying this type of payment system (third-party payment processor ), what type of documentation is neccessary ?Moreover, I would like to know whether or not you work with Turkish banks and/or independant private companies as I am requesting this information in relation to my website which is based in Istanbul.
I would be much obliged if you could also provide me with information regarding your fees/commissions.
Kind Regards,
Altan Gurus