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by mike blair on October 7th, 2005
When you set up your business, you will open a business checking account. When you set up the business(online or otherwise) to accept credit card payments, you will set up a merchant account. When the customer's credit card payment is processed, the funds will be charged against their account and deposited into your business account, minus whatever fees the credit card company charges, probably around 2-3%.
by Nitya765 on September 24th, 2008
I just like to add.... be careful of the credit card robbers..... You can withdraw your money through any bank account connecting it to your credit card.
What type of equipment do i need to accept credit cards?
by Answerbag Staff on April 5th, 2010
| 1 person likes this
Can i use a business credit card to buy personal items?
by Answerbag Staff on March 28th, 2010
| 1 person likes this
Where can i get a business credit card?
by Answerbag Staff on March 26th, 2010
| 1 person likes this
How to Share Your Love in Pastor Appreciation Month and Day 2011?please show your Great tips for Pastor Appreciation month!
by pastorgifts on October 31st, 2011
| 1 person likes this
If someone uses a stolen credit card at my business, will that money be taken out of my account?
by DZigler on October 8th, 2008
| 3 people like this
You're reading If I start an online business and someone makes a purchase with a credit card, how do I get the money?
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Comments
Good answer! BTW, for someone doing a "weekend" business, sending money via PayPal is a good alternative as well.
by HungryGuy on December 7th, 2005
+6 for a very correct answer.
by mistje on September 11th, 2008