[NTLUG:Discuss] setting up a web-hosting company

[David Neeley]

There is a wide variety of credit card processors out there. Several are 
quite versed in servicing Web merchants.

Generally, those who accept Web businesses seem to have a requirement that 
you have an established business address, and that you have the personal 
credit-worthiness to be able to make worthwhile personal guaranties.

Also, there are specific requirements for Web businesses that include 
generally higher discount fees and the methods by which you can accept cards.

It isn't impossible (unless things have changed radically in the three 
years since I was briefly involved in the business), but it is expensive.

Chris' comments about the difficulty of setting up a hardware business as a 
credit-card accepting merchant were mostly correct. Because the money 
involved in many orders can be substantial, and because he does not seem to 
be planning a physical business location, it can be a challenge indeed.

David

At 03:20 PM 4/22/2001 -0500, you wrote:

>One thing Chris Cox mentioned in discussions yesterday is that credit
>card acceptance is problematic unless you've already got a
>well-established business.  It may be a whole lot easier to deal with
>something like PayPal...


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