Internet acquiring service allows sellers to make settlements with buyers on the Internet.
You need to choose between two different types of payment solution providers that help online merchants accept payments online.
Acquiring bank
or direct processor,
Opens internet accounts for each merchant individually.
List of Internet acquiring banks in Moldova.
It takes more time and an effortf from an online merchant to integrate accepting online payment, according to preliminary estimates, about 2 months.
However, having your own trading account gives you a wider range of benefits and features.
Suitable for businesses with a large volume of online transactions.
Electronic aggregator
these are institutions such as PayPal, Scrill, Square and others (*).
They add new merchants to their own giant collective merchant account, and the merchant gets something like a “sub-merchant account”.
To start accepting payments via PayPal, Square X, etc. may take 2 to 7 days.
Mostly suitable for small and medium-sized businesses with few online deals.
(*) The Best 17 PayPal Alternatives: Top Solutions Reviewed (Oct 2020)
Make the choice that suits you best.
Internet acquiring service allows sellers to make settlements with buyers on the Internet.
You need to choose between two different types of payment solution providers that help online merchants accept payments online.
Acquiring bank
or direct processor,
Opens internet accounts for each merchant individually.
List of Internet acquiring banks in Moldova:
- Moldova AgroIndBank
- VictoriaBank
- MoldIndConBank
It takes more time and an effortf from an online merchant to integrate accepting online payment, according to preliminary estimates, about 2 months.
However, having your own trading account gives you a wider range of benefits and features.
Suitable for businesses with a large volume of online transactions.
Electronic aggregator
these are institutions such as PayPal, Scrill, Square and others (*).
They add new merchants to their own giant collective merchant account, and the merchant gets something like a “sub-merchant account”.
To start accepting payments via PayPal, Square X, etc. may take 2 to 7 days.
Mostly suitable for small and medium-sized businesses with few online deals.
(*) The Best 17 PayPal Alternatives: Top Solutions Reviewed (Oct 2020)
Make the choice that suits you best.
