Internet Merchant Account Approved? Next Steps…
Congratulations! You’ve taken that first big step by setting up an internet merchant account for credit card processing. Now that you’ve been approved, what do you do next?
1. Activate your AuthorizeNet online payment gateway – once your internet merchant account has been approved, you’ll receive an email from Authorize Net with gateway activation instructions. You must activate the online payment gateway before you’ll be able to process credit card transactions or link AuthorizeNet to your shopping cart. Activating your AuthorizeNet account will take approximately 10-15 minutes. Be sure to have your checking account information handy as well as your federal tax id or social security number if you’re a sole proprietor. Once you’ve activated AuthorizeNet, the online payment gateway will be in test mode.
2. Link Authorize Net to your internet merchant account’s shopping cart – you’ll need to obtain your API Login ID and transaction key in order to link Authorize Net to your shopping cart. Login to AuthorizeNet and click on the settings link on the left side of the page. On the settings page you’ll see a link in the security section named API Login ID/Transaction Key. Click on this link to obtain your API Login ID & Transaction Key. You’ll be prompted to enter a secret question and answer which you established during the AuthorizeNet activation step. Once you enter this information, Authorize Net will provide you with the API Login ID and Transaction Key. The API Login ID & Transaction Key need to be entered into your shopping cart, which will create the secure connection.
3. Take the online payment gateway out of test mode – once you’ve activated AuthorizeNet and linked it to your shopping cart, don’t forget to take the online payment gateway out of test mode. You’ll see a big red bar going across your screen whenever Authorize Net is in test mode. You can take the online payment gateway out of test mode by clicking on the “test mode” link on the right side. Or, click on the settings link and you’ll see a link that says “test mode” in the middle of the page.
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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.
