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Payment Gateway Startup?

Discussion in 'Payment Processing' started by rahul247rocks, Oct 7, 2012.

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  1. #1
    Hi Guys,
    I am planning to set up a payment gateway in India. At first we will use another gateway's API as our own. I have talked with a company who is willing to let us develop a sub-gateway. They will charge 5 percent on the total transactions and we will charge our customers 20 percent. We have many call centers and other business interested in using our own gateway. I have some questions before I start my business;

    1. What are the legalities involved for such a method. Is is okay to use a system like this?
    2. What happens for chargebacks?
    3. How to build our own gateway from scratch? Methods for starting..
    4. Can we later shift to a dedicated gateway.
    5. Any Tax Issues as such. Our gateway will be designed in such a way so that when Rs XXXX amount comes our share will go to our account and the company using it will get their money after deduction.

    can someone help me. I am mainly concerned with legalities.

    Thanks
    Rahul
     
    rahul247rocks, Oct 7, 2012 IP