Joel Liu's personal annotations on this page
Joel bookmarked
on 2008-09-07
-
After you decide on a gateway, you’ll need a merchant account, or someone who can actually process the credit card transactions. If it’s starting to sound tricky, don’t worry because obtaining a merchant account is easy. Authorize.net has a list of approved resellers for you to choose from. We went with United Bank Card because they had a respectable-looking web site, a solid reputation, friendly customer service reps, and competitive pricing. The application process consisted of filling out and faxing some basic business information and waiting a couple days for approval. Once approved, they provide us with an Authorize.net login and transaction code to get our store up and running.
-
Some vendors such as PayPal are all-in-one solutions and provide a merchant account along with a payment gateway. This might seem more attractive and less of a hassle, but tends to come at a cost. With Paypal, you’re charged between 2.2% to 2.9% plus .30c per transaction. With the merchant account/Authorize.net combo, you should be able to negotiate somewhere around 2% plus 20c per transaction. All of the merchant account providers are selling the same product, so don’t be afraid to haggle a little. In the long run, every cent counts.
This link has been bookmarked by 22 people . It was first bookmarked on 26 Jul 2006, by Steve Wilson.
-
-
After you decide on a gateway, you’ll need a merchant account, or someone who can actually process the credit card transactions. If it’s starting to sound tricky, don’t worry because obtaining a merchant account is easy. Authorize.net has a list of approved resellers for you to choose from. We went with United Bank Card because they had a respectable-looking web site, a solid reputation, friendly customer service reps, and competitive pricing. The application process consisted of filling out and faxing some basic business information and waiting a couple days for approval. Once approved, they provide us with an Authorize.net login and transaction code to get our store up and running.
-
Some vendors such as PayPal are all-in-one solutions and provide a merchant account along with a payment gateway. This might seem more attractive and less of a hassle, but tends to come at a cost. With Paypal, you’re charged between 2.2% to 2.9% plus .30c per transaction. With the merchant account/Authorize.net combo, you should be able to negotiate somewhere around 2% plus 20c per transaction. All of the merchant account providers are selling the same product, so don’t be afraid to haggle a little. In the long run, every cent counts.
-
-
-
I spoke with a rep at Authorize.net just this week regarding their support of recurring payments. I found out that while they do allow recurring payments through their “virtual terminal” they don’t allow them through their API.
-
Other gateways (like VeriSign PayFlowPro and TrustCommerce) however, say they allow recurring transactions through their APIs or allow the merchant to store a customer’s credit card info on the gateway’s servers through their APIs for later “referenced” transactions.
-
-
Kelly BauerIf you’re going to be charging money for a product or service, you’ll probably want to give your customers the opportunity to use credit cards on your site. While the basic PayPal only route is always available, it’s not the most professional-lookin
-
timeuserUsing Authorize.net to process credit cards
-
David FoltzIf you’re going to charge money for a product or service, then you’ll probably want to give customers the opportunity to use credit cards on your site. The basic PayPal only route is always available, but how professional is sending customers to PayPa
Would you like to comment?
Join Diigo for a free account, or sign in if you are already a member.