Hello Dear, I'm going to start a new online business, so I need a E commerce system I read some threads in this section and I have feeling that Magento cart is fine for my needs, but now I want to how can I withdraw money from megento system ?? Is magento supporting all countries ? can I transfer my magento sales balance to my local bank ? also please mention about Magento fees (when user purchase a product or I'm Withdrawing) P.S. My hosting provider is installing my magento cart, and I don't have any knowledge about Magento !!
Magento doesn't actually collect the funds. You will need a merchant account to process credit cards. when a customer purchases on your site, the funds go into you merchant account. Most newbs use paypal.
If your looking for an easy to setup credit card processor there is 2checkout otherwise yes simply use PayPal.