The first step in establishing a thriving e-commerce website in Jamaica and Caribbean countries like Trinidad and Tobago, Barbados, St. Lucia, and Guyana, it’s essential to set up a dedicated business banking account for local currency transactions and another for USD currency for international payments. Ensure the business account is in the company’s name, aligning it with the chosen payment gateway, such as Wi Pay and Fygaro, which are popular and accessible in the Caribbean.
The prerequisites include a business registration certificate and various forms of identification to be uploaded to the payment gateway system for validation . For e-commerce websites based in the United States, Canada, and the United Kingdom, similar requirements apply, with the exception of needing only one business banking account associated with the business name.
For Caribbean businesses seeking to access renowned payment gateways such as Stripe and authorized.net, the streamlined process mirrors that of their counterparts in the United States, Canada, and the United Kingdom. Establishing a dedicated business banking account, aligning it with the business name, and providing necessary documentation, including a business registration certificate, are key steps for seamless integration with these payment processors. This approach ensures a consistent and reliable payment gateway experience, fostering secure transactions for e-commerce operations across various regions.
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