How to take payment from credit card offline or online
If you have opened a new business or even if it old and you want to take card payments online from a credit card or a debit card it is a good idea as you will be able to take payment from either card or even you can also take payment from cash.
If you are a business deciding to take card payment, then you should consider taking a merchant bank account also called as SUN which will help you take payments from the card or even direct bank to bank account transfer.
With this account, you can also access the PayPal gateway to take and also make payment after you have successfully registered yourself as the business owner and also made a SUN account and have been verified.
Credit card and Debit card are your best option to take card payment online or either offline or also you can take a card payment from any other county’s bank as well with card payment gateway.
There are several ways to accept card payment either you can DIY or take the newer version like getting the full service of a provider like Stripe and also PayPal which do a lot of hard work on your behalf and save your time as well as your money.
How to take a card payment from credit card
To take a card payment from either credit card or debit card, you will have to make yourself a SUN account also called as Merchant account to accept card payment or bank to bank transfer and even cheque payment.
Merchant account:- Merchant account is a bank account that helps you to take payment card payment either online or offline using a debit or credit card.
It is a temporary account in a bank that holds all your money for some time until it is transferred to a business account.
There are many banks that provide this service like HSBC, RBS and Barclay’s. There is an important note that if your Merchant account is not in the bank that has your bank account then it’s ok there is no problem at all, but you will have to link them both.
- Payment gateway:-
A payment gateway is like an online portal where your customers can fill in their credit card details and also their PIN to make the payment and also they will be charged afterwards the payment has been made.
There is no need for the customer to panic and not put their details in the portal as it is the most secure portal to make the payment.
- Outsource to the payment service provider:-
If you don’t want to do all these things yourself, then you can hire a full-time service payment provider that will help you access the online payment service provider portal like PayPal.
These are the middleman, also known as the third party between you and the bank so that they can help your business to receive and make payments online without giving you the trouble.
I hope this article has given you some valuable information.