Archive for November, 2007

Internet Merchant Account for Ecommerce Websites

Tuesday, November 27th, 2007

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.

For more information about how internet merchant account for e commerce websites work visit our AuthorizeNet Gateway page.

Internet merchant acount

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 by using our online merchant account application.

Or call us at 888-383-8056
Michael Rupkalvis
The Transaction Group

Internet Merchant Credit Card Account – Debit Cards

Tuesday, November 13th, 2007

Can I process debit cards with my internet credit card processing account?

Merchants ask me all the time if they’ll be able to process debit cards with their internet merchant credit card account – the answer is yes.

Most people associate a debit card transaction with entering a four digit PIN code at point of sale and presently that’s not possible to do when buying online. Because of the lack of a “internet pinpad” a lot of new merchants are not sure when they sign up for a internet merchant account if they’ll be able to take debit cards or not.

Taking into consideration the popularity of debit cards these days this is a very important issue.

There are 2 types of debit card transactions

1.    Online debit transactions – not to be confused with using your debit card online, an online debit transaction occurs when the cardholder enters their 4 digit pin at point of sale. By entering the 4 digit pin the transaction is routed through the debit networks.

2.    Offline debit transactions- A debit card transaction is considered “offline” when the card is processed like a normal credit card without the 4 digit pin being entered at point of sale. This is how debit cards are processed when the merchant is not face to face with the cardholder via the internet or phone.

For more information about internet merchant credit card accounts, please visit our internet merchant accounts page . You can also learn more at our authorizenet gateway page.

Michael L. Rupkalvis
The Transaction Group