The growth of any economy depends upon the brains behind it. In today’s world technological as well as medicinal advancements play a critical role in the growth of any economy. We are seeing a large number of scientific innovations taking place in almost every Nation. Meritorious students perform various research. Later they wish to post these research papers on an international journal. As the internet has taken over almost every segment, so it has also penetrated the online journal industry. These online journal websites offer a reliable platform to researchers as well as academicians for knowledge sharing. Research journal websites may charge a membership fee to the researchers as well as companies that wish to explore these research papers. To sell journal website membership, these entrepreneurs require payment gateways and merchant accounts.
Individuals, Corporate and educational institutions prefer to purchase monthly, quarterly or yearly subscriptions on these research journal websites. With reliable International Credit card payment processing solution these research journal websites can also offer reoccurring billing to their buyers.
How to get a merchant account for scientific journal websites.
To get a merchant account or a payment gateway for scientific journal website the entrepreneur will have to send the filled Merchant Account application to a payment service provider. The payment service provider will analyse the website and evaluate the possibilities of onboarding the merchant. Please keep in mind that research journal website may require more in-depth risk analysis as the processing companies have to follow various government and card scheme guidelines. After the initial analysis, the payment processing company will request the merchant to send KYC documents. These KYC documents are copies of the business documents, for example, Company registration certificate, IDs of all directors, Utility bills of the company and the residence of each director, void check or letter of good standing from the business bank account. After collecting the application and the KYC documents, the merchant’s profile is analysed. If the merchant acquiring bank finds the profile to be decent, then a merchant account will be allocated. Most payment service providers will be happy to offer hosted payment page solution to these websites. With hosted payment page the merchant does not usually have to go for a PCI DSS compliance. Since full-stack payment service providers usually handle the PCI DSS compliance. After the approval, your technical team will have to integrate the merchant account to your site. To integrate the gateway, the processing company will offer detailed documentation which will help to understand the API. With the help of API, merchants can easily connect the website to the payment gateway infrastructure. Once the connection is established then people can visit the website and make online payments by using their credit and debit cards.
Quadrapay believes that there should be ease of payment acceptance for entrepreneurs in the field of scientific innovation. This is the key reason why we focus extensively on applications that come from this industry. We have established relationships with various payment service providers. These credit card processors offer services in the European Union, European Economic Area, North America Asia some parts of Africa. This means you can genuinely accept payments from buyers in multiple nations.
Send as an application by filling the contact form. You can also email us on [email protected]