Accepting Online Payments
Whether you choose to do Real-time or Offline (Batch) Transaction Processing you will need to open the
following accounts in order to receive and process payments:
- Checking account
- Merchant account
- Payment Gateway account
After the above accounts have been opened, you are ready to configure the new E-commerce Web site to work
with the accounts to accept payments from online customers.When selecting providers for your Checking
account, Merchant account, and Payment Gateway account, you need to be sure that the different companies are
compatible with each other. Not all Merchant accounts and Payment Gateways will work together. If you are
unsure about the e-commerce software you are working with, most of this information is available on the
specific vendor’s web site or by contacting them.
Merchant account providers:
(Check with your local bank)- Transcom
- Cardservice International
- SureFire Commerce Payment Processing
Payment Gateway providers:
- Authorize.net
- Verisign/CyberCash
- MPC**
- E-commerce Exchange/Quick Exchange**
- Moneris e - SELECT Payment Service
- Global Commerce Payment Gateway
- CyberSource ICSv2
- Cardservice/LinkPoint
- Paradata
- EValuCheck
- Innovative Gateway Solutions
- US Merchant Systems
**MPC and E-Commerce Exchange have arrangements with banks that are pre-defined, which also reduces the amount of paperwork you need to complete.There is usually a fee associated with the Merchant account and the Payment Gateway. Doing your homework will serve you well when making your final decision about which Merchant Account and Payment Gateway to recommend to your client. This is either a percentage of each transaction or a set fee of around 2% and .30 respectively.
NOTE: Payflow Pro from VeriSign(r) does not work in conjunction
with our FreeBSD or Solaris VPS solutions; hence, it is not compatible with our Miva Merchant Server
offering. However, ShopSite and Payflow Pro do
function properly.
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