 For
a business to successfully sell on
the Internet, it must be able to
process customer payments quickly
and securely. As the Internet's
leading real-time payment processor,
Authorize.Net is the clear choice
for handling these important
business requirements.Every
merchant that wants to accept and
process payments on the Internet is
required to have the following:
- An Internet merchant
account
- A Virtual Terminal
- An Internet Payment
Gateway certified with their
credit card processor.
What is an Internet Merchant
Account?
An Internet merchant account is a
merchant account specifically
approved for processing "card not
present" sales [i.e. "MO/TO" (mail
order, phone order) / Internet-Based
transactions].
Visa and MasterCard have
different criteria for evaluating
the potential risk involved in
credit card transactions where the
card is not physically presented to
the merchant. This type of business
is typically referred to as "card
not present" or "MO/TO" (mail
order/telephone order) merchant. For
this reason, a separate merchant
account is reuired to process
credit card transactions over the
Internet.
What is a Virtual Terminal?
A Virtual Terminal performs all
the functions of a physical credit
card/check processing box,
conveniently accessed over the
Internet through a secure web page
interface.
What is an Internet Payment
Gateway?
An Internet Payment Gateway is a
feature of a virtual terminal. It
takes the credit card information
from the Virtual Terminal to the
credit card processor, and returns
the approval information back to the
Virtual Terminal.
The Internet Payment Gateway does
this in a "real-time" manner, over
the Internet, in a totally secure
environment.
Why Do Internet Payment Gateway Providers
Exist?
They exist because credit card processors
will not allow individual merchants to access
their systems through the Internet. They do not
permit this because of security issues.
Credit card processors only permit companies
that have "certified" their software to access
their systems. In this way, credit card
processors are able to make sure only a few
certified [and therefore trusted] companies have
access to their systems via the Internet.
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PrestoWebsite is
pleased to offer these
two great eCommerce solutions:
|
Millenium
Merchant account: |
Click for More |
Internet/Mail Order Rates
and Costs:
Merchant Account (recurring monthly fees)
Rate: 2.25%
Transaction Fee: 29 cents
Monthly Statement Fee: $10.00
Authorize.Net Gateway Fee: $20.00
No set up fees of any kind. |
| The lowest cost eCommerce
solution on the planet offers merchant services
covering a majority of business types. |
| |
|
PayQuake
Merchant account: |
Click for More |
Internet/Mail Order Rates and
Costs:
Merchant Account
(recurring monthly fees)
Rate: 2.39 - 5.45%
Transaction Fee: 0 - 35 cents
Monthly Statement Fee: $20.00 - $35
Authorize.Net Gateway Fee: $20.00
Setup Fee: $99 - $499. |
|
Although more expensive, payQuake offers a wider
variety of eCommerce solutions for a larger
amount of business types, as well as
international businesses. |
|
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What Can You Do with a Virtual Terminal / Payment
Gateway?
First, you can use the Virtual Terminal to perform
all the same functions of a physical credit card
terminal, conveniently accessed over the Internet
through a secure web-page interface. You will be able to
manually process credit card transactions, issue
credits, void transactions, view your online log file…
really manage your Internet-Based business… from any
computer in the world.
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