What is a merchant account?

A merchant account is a special type of bank account that receives funds that have been authorised by a payment gateway. It holds onto these funds for a defined period of time before transferring them to a business bank account in batches. This way, your business account is not receiving hundreds (or thousands) of individual deposits each day. Merchant accounts …

What is Open Banking? (And why the banks don’t have to worry.)

An opinion by Allister Hunter Allister Hunter is a payments expert and has worked in the banking industry as well as Merco Ltd, the New Zealand distributor of the POLi Payment service where he is Chairman and Director of Payments Strategy. Merco Ltd is a registered third-party Standards User of the Payments NZ API Centre and Allister is a member …

Build a website and start selling online in hours!

Not a week goes by that I don’t receive emails from prospective customers asking me how they can get an online shop up and running on a shoestring. Does that sound like you? Then read on. Years ago, unless you were ready to pay thousands of dollars to a developer, a customized e-commerce website was out of reach for most small …

By Popular Demand POLi is Now Available on Shopify

Over the last year loads of merchants have asked us when we are going to support Shopify with our payment option that lets customers use their own Internet Banking. Well, we’re delighted to announce our new partnership with Shopify formally starting in July 2015. So, if you’re a Shopify website owner (or are thinking about becoming one) make sure you select …