Merchant Accounts and Online Payment Gateways
If you’re going to do business online it’s important you have a merchant account solution that fits all of your businesses needs. In addition to setting up an internet merchant account, you’ll also need to decide which type of online payment gateway you’ll need.
If you take orders over the phone or face to face, you need the ability to manually process credit cards as well as take them on your website. It’s important you choose a payment gateway that has a virtual terminal feature. A virtual terminal allows the merchant to manually process credit cards by logging into their gateway and filling out a secure payment form. Most virtual terminals also allow the merchant to email their customer a credit card receipt once the transaction has been processed.
Do you take checks? If your customer base likes to pay with checks then make sure you choose an internet payment gateway that supports e-checks as well as credit card processing. Most gateways support e-checks but normally charge additional fees for the service – so be sure to ask about e-check processing fees.
How much does an online payment gateway cost? There are normally 2 fees associated with an online payment gateway. You pay a monthly gateway fee that can range from $15-$50 per month, as well as a transaction fee that can range from $.05-$0.20. Some merchant account companies will even charge a license or set up fee for the gateway. The Transaction Group offers cheap merchant accounts so we waive the license fee on all AuthorizeNet payment gateways.
For more information about Authorize Net online payment gateways, call us today at 888-383-8056.
Need immediate assistance? Complete this form or call us today at 888-383-8056.