Comparison between various Merchant Accounts
Merchant services usually refers to the service that enables a business to accept a transaction payment by use of the customer’s credit , debit card and Bank Transfer. More generally, the term includes the following in its use:
* Credit and debit cards payment processing
* Check guarantee and check conversion services
* Automated Clearing House check drafting services
* Gift and loyalty card programs
Here is a small comparison of various Merchant service providers in India and/or worldwide . Please note that all the information were collected from their respective websites/brochures . Hope these information is handy and will be useful , while deciding for any merchant account .
EBS (Axis) Bank
Credit Card Accepted : Master Card , Visa Card
A. Pricing Option 1
One time setup: Rs. 10000/-
TDR: 6%
Annual Charge: Rs. 6000/-
B. Pricing Option 2
One time setup: Rs. 20000/-
TDR: 5%
C. Pricing Option 3
One time setup: Rs. 25000/-
TDR: 4%
# Annual Maintenance Charge Rs. 6000/-
Payment Withdraw Method : Direct deposit in UTI Account
————————————————–
Paypal
Credit Card Accepted : VISA , Mastercard , American Express , Discover
Others : Paypal Payments, USA Echecks
Pricing Option
One time setup: FREE
TDR: 3.5%
Payment Withdraw Method : Manually Cheque Request or Direct Deposit in any US Accounts
—————————————————————————
CCAvenue
Credit Card Accepted : VISA American Express Citibank E-Cards Diners Club International
JCB Cards
Netbanking And others :
Centurion Bank of Punjab
Citibank
HDFC Bank
ICICI Bank Ltd.
IDBI Bank
IndusInd Bank
Kotak Mahindra Group
Oriental Bank of Commerce
Punjab National Bank (PNB)
The Federal Bank Ltd
UTI Bank
The Bank of Rajasthan
YES Bank
Paymate (Mobile Payment)
Itz Cash
Pricing Option 1 - Premium
One time setup: Rs. 25000/-
TDR (Credit Card): 5%
TDR (Netbanking): 4%
Annual Charge: Rs. 2400/-
Pricing Option 2 - Economy
One time setup: Rs. 7500/-
TDR (Credit Card): 7%
TDR (Netbanking): 4%
Annual Charge: Rs. 1200/-
Payment Withdraw Method : Direct deposit in any Indian Bank Account
—————————————————————————————–
2 Checkout
Credit Card Accepted : VISA Mastercard American Express Diners Club International JCB Cards
Pricing Option
One time setup: Rs. 2000/-
TDR: 5.5% + 0.45USD
Payment Withdraw Method :
Wire transfer in any Indian Bank Account or Direct Deposit in any US Accounts
This entry was posted on Sunday, August 17th, 2008 at 11:33 pm and is filed under General, online business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
