Merchant Account with a local bank:
– requires a business bank account first
– Merchant accounts usually have a significant monthly and per transaction fee
– Merchant Accounts give you access to the respective banks payment gateway provider (First Atlantic Commerce, Plug n Pay etc). A website developer can then integrate this directly into your website so you can receive those payments to your business bank account.
Suncash Account:
– You can sign up for an account on their website. Need to be a verified business with as they will require from you items such as:
– Valid Business License
* IDS for all Signatories (Passport, Voter’s Card, NIB Smart Card, Driver’s License)
* Personal Application form for all Signatories
* Completed Business Bill Pay Application Form
* Resolution document to open an account
* Register of Shareholders and Directors (If Incorporated Entity)
* Certificate of Good Standing
Kanoo:
– Requires you to sign up for an account
– To be level 2 verified (giving you access to more functions)
– Allows you (to knowledge) to do B2B transactions in the app
Fygaro:
– not too familiar with this platform; know several people have mentioned using it
PayPal:
– Legally: if and only if you have PayPal Business or Premier account, registered business in the US with a US business bank account linked to your PayPal account, so you can withdraw
Stripe:
– same as above
I’m aware of these because I’m a website designer that has dealt with these scenarios on a normal basis.
