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Before choosing which payment option to offer, there is some terminology
you should be familiar with. In this section, the terms “Merchant
Account” and “Payment Gateway” are used. You may already be familiar
with these terms. For those of you who aren’t, please read these brief
explanations.
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Merchant Account
A Merchant Account is
an account that is setup between a merchant and a bank in order to process
credit card transactions. This is generally done through the merchant’s local
bank or through a merchant service provider.
The Merchant Account is linked to a
bank account, typically a checking account, setup by the merchant. The funds
from the merchant’s sales will be deposited and any refunds will be withdrawn
from this attached bank account.
A Payment Gateway is required to
automate the transaction between an Ecommerce Website and the client's Merchant
Account.
Payment Gateway
A Payment Gateway is
a service that automates payment transactions between an Ecommerce website and
the merchant's Merchant Account. This is generally a third party company that
processes, verifies and accepts or declines the credit card transaction through
secure internet connections on behalf of the merchant. Your merchant account
provider should be able to assist you in obtaining a payment gateway.
If you
want to use a payment method that is not listed below, please contact our
technical support department at 866-211-0743 ext. 1798. Please be aware that
there may be an additional charge for creating/installing a custom shipping
module.
Compatible Payment Gateways:
- Authorize.net
- Linkpoint
- PayPal Standard
- PayPal Web Payments Pro
Compatible Payment Methods which do not require a Payment Gateway:
- Credit Card (This method requires a credit card machine)
- Check / Money Order
- Cash on Delivery
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