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  1. #1

    Merchant Accounts for Indian Companies?

    I have been wondering what merchant options are available for Indian companies. Transecute is not selling merchant accounts as of now, and CCAvenue cannot accept the Master Card.

    World Pay has stringent compliance mechanisms. This leaves very few merchant account options for Indian companies.

    Can anyone help me find a good, secure merchant account service? Or is it that 2CO and Paypal are the only available options?

    Appreciate all responses to this.

  2. #2
    Join Date
    Dec 2006
    Location
    Europe
    Posts
    921
    It depends on your type of business, is it a startup business you have ?

  3. #3
    You can consider so. It would be for a start-up.

  4. #4
    Join Date
    Dec 2006
    Location
    Europe
    Posts
    921
    Then I would go with 2Co and built up your business with them, once you have a good turnover you can switch to your own account.

    Doing it this way will safe you time and money on the long term.

  5. #5
    Join Date
    Aug 2002
    Location
    Bharat
    Posts
    4,686
    www.ebs.in from Axis Bank (formerly UTI Bank)
    www.abcpayments.com from IndiaMart

    Providing these names just for you to look at, I am not sure how good or bad they are.
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  6. #6
    Join Date
    Sep 2004
    Location
    Chennai , India
    Posts
    4,604
    Quote Originally Posted by premium20 View Post
    I have been wondering what merchant options are available for Indian companies. Transecute is not selling merchant accounts as of now, and CCAvenue cannot accept the Master Card.

    World Pay has stringent compliance mechanisms. This leaves very few merchant account options for Indian companies.

    Can anyone help me find a good, secure merchant account service? Or is it that 2CO and Paypal are the only available options?

    Appreciate all responses to this.
    Paypal is the best one out there.

    ebs i have heard them before, but no personal experience with them. Their site is also down from my end.

    You can enquire our local banks for options. ICICI provides such service, not sure. Ask the Guru Vinayak Sharma JI

  7. #7
    Join Date
    Jun 2007
    Location
    India
    Posts
    200
    local banks do offerr

    but its a lot costilier should work out for large volume customers ...

    ebiz.in - support very doubtful (may be wrong)
    pricing not given online ...

    and u call chennai office u dont get direct replies ....


    cashwala.com -- not used their services but they use axis bank ...
    david .c
    web hosting india , bookdomains.net
    windows , linux -- webhosting

  8. #8
    Join Date
    Aug 2002
    Location
    Bharat
    Posts
    4,686
    cashwala.com is an ebs.in reseller or partner, whatever you call it, you can get a slightly better deal through them, but you should also study pros & cons of going directly or through a partner.

    ebiz.in ? It seems you wanted to mention ebs.in as ebiz.in is just a parked domain.
    Vinsar.Net - Quality Web Hosting at Economical Price on USA & European Servers
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  9. #9
    Thanks. I would prefer World Pay or 2CO/Paypal for this.

  10. #10
    Join Date
    Jul 2003
    Location
    Castle Pines, CO
    Posts
    7,189
    Do you have a United States checking account?

  11. #11
    Join Date
    Jun 2007
    Location
    India
    Posts
    200
    ebs.in

    axis bank gateway .....
    david .c
    web hosting india , bookdomains.net
    windows , linux -- webhosting

  12. #12
    Join Date
    Jun 2007
    Location
    India
    Posts
    200
    got good response today ....

    10000 rs. - set up

    5 % tdr

    200 monthly ...
    david .c
    web hosting india , bookdomains.net
    windows , linux -- webhosting

  13. #13
    Join Date
    Aug 2002
    Location
    Bharat
    Posts
    4,686
    Its good, they are lowering their charges.
    Vinsar.Net - Quality Web Hosting at Economical Price on USA & European Servers
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    Reliable Domain Reseller Account Resell Domains with Confidence

  14. #14
    Join Date
    Jan 2008
    Posts
    31
    Is WorldPay or 2CO better for a medium sized Singapore company?

  15. #15
    Join Date
    Dec 2006
    Location
    Europe
    Posts
    921
    What type of turnover do we speak ?

    Worldpay is a good company to look at in any way.

  16. #16
    Join Date
    Jan 2008
    Posts
    31
    fionix, I don't know what my turnover will be - as I am just getting into the online market.
    Any advice for me?

  17. #17
    Join Date
    Jul 2007
    Location
    In My Home
    Posts
    14
    Check Out globill.net
    Have An Account With Them
    Good Support
    Also Charges Are Not That High
    Free Setup And No Monthly Charges
    Free Virtual Terminal
    They Support 63 Currencies(INR Included)
    Easy To Integrate(Full Info On Their Site)
    Payout Via Wire Transfer
    http://globill.net/
    Regards

  18. #18
    Join Date
    Aug 2006
    Location
    Mumbai, India
    Posts
    89
    We use 2CO and PayPal, works for us especially now that PayPal allows transferring of money directly into an Indian banking account.
    Specialists in Kayako Applications - Implementation, Development, Customizations & Premium Support
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