Merchant Accounts for Indian Companies?

premium20 · #1 03-16-2008, 04:27 AM

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.

fionix · #2 03-16-2008, 05:48 AM

It depends on your type of business, is it a startup business you have ?

premium20 · #3 03-16-2008, 12:18 PM

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

fionix · #4 03-16-2008, 12:22 PM

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.

Vinayak_Sharma · #5 03-16-2008, 12:30 PM

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.

Biju · #6 03-16-2008, 01:34 PM

Quote:

Originally Posted by premium20

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

sanudeep · #7 03-17-2008, 01:08 AM

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 ...

Vinayak_Sharma · #8 03-17-2008, 01:57 AM

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.