My friend asked me, how to have the money from the online payment gateway to be deposited to her bank account directly?
1. Each online store may have more than one payment gateway providers.
2. Payment issues such as Chargeback and refund is messy!
3. Forex lost and currency conversion is floating..
There are few ways money can be deposited into your bank account:
1. Check deposit
2. Cash deposit
3. Online bank transfer
…
Reverting a payment is not easy. Imagine a returned check, returned cash, or to cancel an online bank transfer. Ask your accountant!
Yet, online payment is a lot more messy. Chargeback can happen anytime 6 months after money deposited to your bank account. In most case, you will lost the case, and money will have to be withdrawed from your bank account again. Yet, forex lost, chargeback penalty, etc.
You need another party to sit in between payment gateway and your bank account. This guy will have to manage this for you, and probably deposit payment to you once in a month or so.