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Credit Card payment through secure check-out... where do the funds go?
Rank: Member
Joined: 7/26/2010(UTC)
Posts: 17
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Credit card payments via secure checkout..........where does the money go? I am sure the answer is so simple that it may seem a silly question but i dont know. I have gone through the tutorials and completed the test purchase using the provided credit card details....given that we have not provided the company bank account details how does the money get into our account?
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Rank: Member
Joined: 11/5/2003(UTC)
Posts: 1,786
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If you're using an online credit card processing gateway the funds are deposited in your merchant account at a bank. When you signed up for the credit card gateway they either created a merchant account for you or asked you for the name of your bank. PayPal processors deposit into PayPal accounts instead of merchant accounts.
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Rank: Member
Joined: 7/26/2010(UTC)
Posts: 17
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Thanks Much Appreciated...........Planned to set up the Pay Pal Account today...though we are talking to the local banks in Vietnam. Regretably the qtatcl site is off line....i have sent an email and phoned to clarify why the site is off line...
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