Internet Merchant Service Agreement

Divine · 2004-04-01 14:01:42

Hey would there be anyone out there that has ever obtained one of these? i tried to set one up a while ago but no one at TSB online had ever heard of it. I am currently banking with PremenantTSB and i need ot set one up so i can have credit card transactions put through to my account. Do i need a businness account to set…

01-04-2004 02:01PM

#1

Divine

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Hey would there be anyone out there that has ever obtained one of these? i tried to set one up a while ago but no one at TSB online had ever heard of it. I am currently banking with PremenantTSB and i need ot set one up so i can have credit card transactions put through to my account.

Do i need a businness account to set one of these up?

Any answers appreciated,

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#2 01-04-2004 03:01PM

BuffyBot

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The people you need to speak to are the Merchant Services team in your banks Credit Card department. However I don't beleive permanant tsb do Merchant Accounts.

The big banks such as AIB, BOI, Ulster Bank etc are your better bet. AIB's information is here

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#3 01-04-2004 03:37PM

Philbert

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Divine,

I dont know about PermanentTSB but most banks require the following before they will even consider giving you a merchant account.

1. Minimum two years current account with outstanding record.
2. Your Full Business Plan with expected earnings.

It sounds less complicated than it actually is!

As I already told you here and sombody else told you here you should be looking at 2CheckOut or some other similar third party payment processor.

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#4 01-04-2004 09:06PM

alleepally

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With Bank of Ireland, you must have a business account but there were no requests for business plans or anything like that. You have to give anticipated card volume as well.

It was straightforward enough but there are very strict in what businesses they give a merchant services account to.

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#5 01-04-2004 09:29PM

Hobbes

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Or you could get a third party to handle the transactions for you.

Worldpay springs to mind (although there are more)

http://www.worldpay.ie/

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