Your website is near completion and your web designer is asking you for your internet merchant account or online payment gateway information. What do you need to do?
In order to operate an internet merchant account for ecommerce websites, you actually need to set up two different accounts:
1. Online payment gateway
2. Internet merchant account
The shopping cart on your website utilizes the secure connection provided by the online payment gateway to connect to your internet merchant account. Internet merchant accounts authorize or decline the transaction and deposit funds into your business checking account.
Online Payment Gateway
It’s extremely important that you choose an online payment gateway that is compatible with your website/shopping cart. The last thing you want to do is set up an internet payment gateway only to find out your website/shopping cart doesn’t support it.
The Transaction Group uses AuthorizeNet because it’s one of the most widely used internet payment gateways out there. Most website and shopping cart providers are compatible with it. If you’re not sure, call your current website or shopping cart provider and ask them. Also, most have compatible credit card processing information listed in the ecommerce services section of their website. If you’re still not sure, call us today at 888-383-8056 and we’ll help you find out.
Internet Merchant Account
This is an account established with a financial institution (merchant processor) that allows you to charge your customers credit cards for product sales or services. This is not a bank or checking account – the merchant processor deposits funds from credit card transactions directly into the merchant’s business checking account via ACH.
The Transaction Group can set up your internet merchant account for your ecommerce website, and your online payment gateway, efficiently and seamlessly, so you can focus on your tasks at hand. By waiving the monthly minimums, annual fee, and cancellation fees we offer an extremely affordable internet merchant account for e commerce websites.
Apply now, or call us at 888-383-8056.