Note that a merchant account is different than an INTERNET merchant account. Canadian banks are a big PITA when it comes to internet merchant accounts - the fees are prohibitive esp. for a small startup, also big holdbacks, etc. TD would only deal with VISA, so you'll need another bank to accept MC. To get around all this, use a Canadian third party payment processor like PSIGate or InternetSecure. They're reliable and you get a terminal so you can accept fax/telephone orders as well. Also, US $ is separate. Accepting AMEX is also usually extra....PayPal is probably looking good right now, eh?toalan wrote:
I now need to setup a merchant account, who is best? TD Canada trust charges something like $100 setup fee, $40 monthly fee and 40 cents per transaction.
I still feel that I left something out.
You can usually purchase an SSL from your host - they will install for you.
Shipping module from CanadaPost - VERY time consuming - you need to set up all the various size boxes dimensions, weights, etc. so it can calculate it properly. It's probably easier to start off with flat rate, then switch to CanadaPost later when you can get a better idea of what you're shipping out. If you go this route, make sure the shopping cart you use will support CP's module.
Hope this helps some.