How to start a payment processing company. Part 1.

So you’ve decided to engage in the business of accepting online payments (to start a payment processing company). The demand for online payment acceptance and processing is growing steadily worldwide. The market is expanding thanks to the constant flow of commercial, non-profit and government organizations selling their goods and services online. Thus the market creates enough space for successful and profitable activity, not only for major payment processing companies, but also for beginners. It is especially true for emerging markets, while they are not yet occupied by major payment service providers.

While the motivation to create a payment service is no problem, there may appear quite a few questions on where to actually start a business of online payment acceptance and processing. Read more…