Page 4 of 5 FirstFirst ... 2345 LastLast
Results 31 to 40 of 49

Thread: Credit card processing for Jamaican business

  1. #31
    Join Date
    Jul 2007
    Posts
    16,974
    Rep Power
    33

    Default

    Quote Originally Posted by gW33Zy View Post
    The idea of not paying taxes has never been expressed or insinuated in any of the posts in this thread. What everyone so far, with the exception of yourself, has been saying is that the technical and bureaucratic difficulties of handling credit card payments in Jamaica are exceptionally difficult.
    It doesn't have to be expressed our insinuated. Many person who operate via PayPal don't pay taxes from income via PayPal.

    So it's a valid question. You and sumo seem hurt about something. Guilty?
    SLAPPA Phenom II AM3 Overclocking Essentials
    I HAVE HIGHEST OC ON TECHJA 4.2ghz
    4890oc beats gtx 285
    PS3 FAILCAKE
    ps3 only advantage is bluray
    4890 oc roundup
    http://miniprofile.xfire.com/bg/sh/type/0/skugpezz.png
    Mi know dem fear mi!!!!! Gigabyte 790x ud4p
    phenom 2 955@3.8ghz 24/7 stable , 4GB ddr3 1333@1.5ghz ,3850 256MB (temp card) (4890 soon),700 watt dual rail psu, (overclocking rules) my avatar represents my personality

  2. #32
    Join Date
    Apr 2004
    Posts
    11,129
    Rep Power
    31

    Default

    If you run allot of PayPal traffic through your US bank account you will be required to pay tax..
    2Checkout use to work in Jamaica, but for some reason Jamaica is not supported anymore...
    ---
    Stay Connected,..

    FaceBook | Twitter | Instagram

  3. #33
    Join Date
    Oct 2002
    Posts
    2,012
    Rep Power
    24

    Default

    Quote Originally Posted by sumo View Post
    For anyone still looking into this I would strongly advise you to go the PayPal route or even register a US business and use Stripe before considering approaching NCB or BNS. The Plug n Pay API that they both use isn't difficult to integrate but their approach/requirements just don't make sense for small businesses. If you still feel up for the task, make sure you have all your business docs including company incorporation and tax documents ready. Also be ready for security audits for your code and some other stupid ****.
    Good explanation, what other requirements are there that business must fulfill and the money these banks charge per transaction or otherwise. Also isn't there still an issue with getting money out of PayPal?

  4. #34
    Join Date
    Apr 2004
    Posts
    11,129
    Rep Power
    31

    Default

    If you request a Cheque from PayPal it will take 2-3 Weeks to Get to you...
    It will be a Bank of America cheque, it will take 1 month to clear when you deposit it locally. (You cannot cash it)

    I have done the above various times.. What you can do is setup a US bank account and send all your PayPal funds there then withdraw it with a prepaid card.

    You can also if you have a friend who was in the past able to link their PayPal to a Payoneer card, send them PayPal funds and they will be able to pull it off via Payoneer.
    ---
    Stay Connected,..

    FaceBook | Twitter | Instagram

  5. #35
    Join Date
    Oct 2002
    Posts
    2,012
    Rep Power
    24

    Default

    Quote Originally Posted by GPRS Internet View Post
    If you request a Cheque from PayPal it will take 2-3 Weeks to Get to you...
    It will be a Bank of America cheque, it will take 1 month to clear when you deposit it locally. (You cannot cash it)

    I have done the above various times.. What you can do is setup a US bank account and send all your PayPal funds there then withdraw it with a prepaid card.

    You can also if you have a friend who was in the past able to link their PayPal to a Payoneer card, send them PayPal funds and they will be able to pull it off via Payoneer.
    Thanks Is the per transaction fee still 2%, also is there a fee charged by PayPal to prepare cheque and what is the minimum amount you most have in your paypal account to request a cheque payout?

  6. #36
    Join Date
    Oct 2002
    Posts
    2,012
    Rep Power
    24

    Default

    Has anyone explored the use of the bank's online bill payment portal? Shoppers can make payment directly from their ncb or Scotia account? Limited yes, but I've seen that option used locally a few years ago, as a payment option on a pc parts website.

  7. #37
    Join Date
    Apr 2004
    Posts
    11,129
    Rep Power
    31

    Default

    Quote Originally Posted by DarkAngel View Post
    Thanks Is the per transaction fee still 2%, also is there a fee charged by PayPal to prepare cheque and what is the minimum amount you most have in your paypal account to request a cheque payout?
    All PayPal fees here --> https://www.paypal.com/webapps/mpp/paypal-fees
    Merchant fees here --> https://www.paypal.com/jm/webapps/mpp/merchant-fees
    They charge $5.00 to request a cheque.. Once you have over $5 you can request a check..

    Quote Originally Posted by DarkAngel View Post
    Has anyone explored the use of the bank's online bill payment portal? Shoppers can make payment directly from their ncb or Scotia account? Limited yes, but I've seen that option used locally a few years ago, as a payment option on a pc parts website.
    That has allot of fees associated as well.. and it's not a convenient or easy as having a direct payment gateway on your site...
    It's more recommended for merchants who want to collect monthly payments.. I wouldn't recommend it for a Buy/Sell Merchant site..
    Last edited by GPRS Internet; Jun 5, 2016 at 12:09 PM.
    ---
    Stay Connected,..

    FaceBook | Twitter | Instagram

  8. #38
    Join Date
    Oct 2002
    Posts
    2,012
    Rep Power
    24

    Default

    Quote Originally Posted by DarkAngel View Post
    Good explanation, what other requirements are there that business must fulfill and the money these banks charge per transaction or otherwise.
    Any update on the above? I really need to explore this some more as I am getting a lot of clients requesting online payment.
    GPRS have you started the work on the Scotia gateway yet?
    Daveyon Got your questions answered by the bank yet?

  9. #39
    Join Date
    Nov 2011
    Posts
    317
    Rep Power
    0

    Default

    The Jamaican banking system is a disgusting joke.

  10. #40
    Join Date
    Jan 2007
    Posts
    456
    Rep Power
    0

    Default

    I'm bringing up an old post, sorry. What would it take for the "average Joe" to open up a Bank in Jamaica (not a bank account), the actual Bank itself? What's the process?
    Just an average web developer.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •