The e-Commerce industry is a dynamic one, constantly changing and growing in pace. So when you want to follow the e-Commerce trends and stay abreast of what the competition is doing, you need to learn about account ECN.
There are various types of ECCN, and in this article we will briefly discuss a few and outline their respective functions and uses. In case you are not aware of them already, here is a brief overview of e-Commerce account ECN:
No PayPal Account ECN: This kind of ECN has the capability to process payments from virtually any payment processor that is available in the market. You can use it to make a purchase from any store with PayPal. With this account, you will be able to accept payment through your merchant account.
o MT4 Account: The account is very similar to a typical merchant account, except that it contains the authorization code for all the transactions done with the merchant's account. Here, the payment gateway will process all the incoming transactions and the results will be delivered directly to the merchant's account. As with a standard merchant account, the merchant gets a fixed credit on the date of consummation of the sale.
o Alibaba Merchant Service Account: It is similar to a bank account, and as such can handle all the business processes related to a company's online presence. With this, you can sell and purchase products and services using your business profile. Furthermore, you will also be able to handle many of the marketing aspects that you would normally handle through your merchant account.
o MT5 Account: Alibaba is perhaps the most popular and well known payment gateway provider. However, it is the ECCN that it provides that is the most versatile.
o e-commerce portal: Alibaba provides a platform for businesses to promote and transact in e-commerce. With this, your business can establish a website that allows people to browse and buy products or services in your store. You will also be able to get access to their private APIs so that you can offer the same functionality that is available on your merchant account.
o Global Services: Alibaba provides the ability to accept payments from nearly any country in the world. Through this, you will be able to easily incorporate third party payments services into your business model.
o No registration: Unlike many other payment gateways, Alibaba does not require you to register for a merchant account. As such, you don't have to worry about finding someone who has a merchant account in order to accept payments.
o Possible ways to implement: When considering how to implement a payment gateway, it is important to consider the options that are available. These include the options of using a third party merchant account, using ECCN, or using a hosted merchant account.
Alibaba can help you make the most of these four options. By following the tips outlined here, you will be able to benefit from using one of the most convenient and flexible payment gateway providers available.