[consulting] How to send/receive money

[sime]

I want to pass on advice that was given to me ages ago, when I was 
considering taking payments on behalf of my customers with low-volume 
on-line sales.

If you want to use one merchant account for multiple recipients, some 
banks may look at you funny. I'm aware that there is a type of fraud 
associated with receiving payments on behalf of others - it's called 
factoring.

I don't have enough accounting smarts to understand, I think paypal have 
been accused of it form time to time. Anyway, better out than in.

Simon


Benjamin Melançon wrote:

>Thanks Evan!
>
>As far as using a merchant account collaboratively, do you know if one
>merchant account can serve multiple domains?  Or would participants
>have to share a site for transactions?
>
>- ben
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