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.
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Are you shopping for a better rate? Let us save you money!
Most merchants are unaware that interchange rates are adjusted as much as 2x per year. Over the course of several years, those adjustments can hike up a merchant’s rate and cost the merchant thousands in processing fees. Contact us via the form above, or call us today at 888-383-8056. Chances are, we can save you up to 25% over your existing rates and fees!
Why do businesses choose to work with The Transaction Group?
- We aim for 100% customer satisfaction. We understand that the customer comes first. At the end of the day, if the customer is not happy, we’re not happy.
- We offer a FREE rate analysis to every business. In most cases, we can save a business up to 25% on existing rates and fees. But if we can’t beat a customer’s rate, we’re upfront from the start. We don’t waste the customer’s time.
- We are reliable and always available. If a customer has any concerns, we’re available even after business hours. We’ll address any issues immediately.
- We don’t believe in one-size-fits-all.We provide solutions based on the specific requirements of each and every business. What’s best for one small business may not work for another.
- We have a fast & easy setup process. In most cases, we offer a fast and easy approval and set up. While some high risk businesses can have longer underwriting times, we keep the customer informed throughout the process and work for fast approvals.
- We have solutions for every business type. From low-risk card-present credit card processing solutions to payment processing solutions for high risk e-commerce stores, we’ve got it all.
