E Commerce

How can we produce or activate and online merchant account for Shopping or E-Commerce sites in Pakistan

Merchant Account & E-Commerce

Any discussion with out understanding what an online merchant account and E-Commerce are would be a futile effort to enumerate the topic and answer the question with suggestions. An online merchant account is a specialized bank account issued by a merchant processing bank that allows a business to accept credit cards such as Visa and Mastercard, debit cards, gift cards and other forms of payment cards for E-Commerce or online shopping. This acceptance is also known as payment processing, credit card processing or merchant card processing. A bank that has an online merchant processing relationship with Visa and Mastercard, also known as a member bank, can issue online merchant accounts directly to merchants

A Merchant Account has a variety of fees, some periodic, others charged on a per-item or percentage basis. Some fees are set by the merchant account provider, but the majority of the per-item and percentage fees are passed through the merchant account provider to the credit card issuing bank according to a schedule of rates called interchange fees, which are set by Visa and Mastercard. Interchange fees vary depending on card type and the circumstances of the transaction. For example, if a transaction is made by swiping a card through a credit card terminal it will be in a different category than if it were keyed in manually.

Electronic commerce, commonly known as e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily since the spread of the Internet. A wide variety of commerce is conducted in this way, spurring and drawing on innovations