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Merchant Accounts

dahamsta · 2005-03-15 16:40:11

Do merchant accounts require a deposit now? When I signed up for my BOI merchant account several years ago I had to run two separate accounts - one for standard transactions, one for internet cardholder not present transactions - however a deposit wasn't required. I have someone trying to tell me now that he can't sign up…

15-03-2005 4:40pm

#1

dahamsta

Banned (with Prison Access) Posts: 16,659 ✭✭✭✭

Join Date: October 2000

Posts: 15270

Do merchant accounts require a deposit now? When I signed up for my BOI merchant account several years ago I had to run two separate accounts - one for standard transactions, one for internet cardholder not present transactions - however a deposit wasn't required. I have someone trying to tell me now that he can't sign up for Realex because AIB require a €5k deposit, which is news to me. Anyone care to confirm or deny?

adam

1

Comments

#2 15-03-2005 8:22pm

deRanged

Registered Users, Registered Users 2 Posts: 3,744 ✭✭✭

Join Date: September 1999

Posts: 3629

we got one with Realex & BOI about 12 months ago and there was no talk of a deposit at all.

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