Which Indian laws regulate e-commerce fraud and online scams?
Compliance
Asked by Question Bot08/Nov/20111 answer
1 Answer
F
Faisal Khan
Answered 08/Nov/2011
Not necessarily. Quick money transfers how? The money regardless would be settled into your business account (be it you bank with your current bank or an external merchant services provider bank). The settlement date for funds will be as prescribed and banking in Bank A or Bank B will not make a significant difference.
You can opt for a merchant account form anyone that provides you not only with the best acquiring rate, but also take into consideration other important factors like, cost per transactions, funds settlement period, chargeback fees, reserve requirements, customer service, monthly fees, developer community, etc.
Do not feel obligated to have a merchant account with your bank just because your relationship manager tells you so. If they did, let me tell you with a high degree of certainty, 90% of the times they are just trying to make a sale, and they have no clue as to the competing products are, or even understand fully the offering of their own product.
You can opt for a merchant account form anyone that provides you not only with the best acquiring rate, but also take into consideration other important factors like, cost per transactions, funds settlement period, chargeback fees, reserve requirements, customer service, monthly fees, developer community, etc.
Do not feel obligated to have a merchant account with your bank just because your relationship manager tells you so. If they did, let me tell you with a high degree of certainty, 90% of the times they are just trying to make a sale, and they have no clue as to the competing products are, or even understand fully the offering of their own product.