Getting Paid

Such vendors may levy additional charges and impose regulations about which product (s) you can resell through their services.

Such vendors may levy additional charges and impose regulations about which product (s) you can resell through their services. If you are setting up a billing mechanism, contact the organization offering the services to ensure that you fully understand the terms and conditions. Once you establish a merchant that accepts debit cards, each transaction must be handled so that there is usually a time lag between the time the client makes the order and the time you get the pay.

Once the transaction has been completed, the amount will be credited to your dealer balance. Others, such as PayPal, have their own ways of transferring monies from your customers to you. It is also possible to make purchases manually outside your cash register, e.g. by using wire transfer or wire transfer.

Others have their own set of policies about when to get withdrawals for your orders. Ask your supplier how often you are paid. If you notice that your withdrawals are late, contact your local banking institution. On public holiday you will not get any payments. Multiple charges may apply to your on-line purchases.

In the case of EC type examination activities, the emitter, the acquirer and the EC type examination authority levy a small service usage tax. Paying with a debit to pay for an order placed on-line using a debit to pay system requires that you process the transaction before the money is credited to your merchants balance. Your transaction will be handled by your preferred service providers.

Customers in your shop place their orders with their own credits cards. Your chosen merchant will check with the merchant that the credential is correct. Once the cardholder's account is in good standing and has sufficient balance, the cardholder authorises it. Once the transaction has been authorised, the transaction must be collected.

Once a purchase is recorded, the purchase detail is sent to the acquiring party. Acquirers check the payments data and then request the required monies from the entity processing the customer's debit cards. Your bank will send the information to the issuing bank. A small charge is deducted by the issuing entity from the entire amount of the trade and the balance is returned to the cardholder.

Cardholder deducts its charge and then forwards the balance to the acquiring party. A small charge is deducted from the amount by the acquiring party and the total amount is transferred to your trader bankroll.