How do I get
started? (Click here
for a quick overview.)
After
you have built your website, 3 Basic Steps are necessary.
Step 1
Obtain a
"Merchant Account": Sign
up here
A merchant account
is used for depositing a customer's funds from their credit
card/bank account into your checking account. There are various
fees involved in this process. Visa and MasterCard charge certain
fees as well as Bank institutions and the Bank Processors that
handle parts of your transaction in the process.
A merchant account provider combines all of these fees
into one package. With an Online Website business, fees are higher
than 'Store-front' businesses, due to the increased risk of credit
card fraud when conducting charges without physical evidence of
the cardholder. For example, checking a persons identification
card like a drivers license and obtaining a physical signature
from the card holder. Without these factors, there is a much
greater risk factor for fraudulent activity to occur.
I already have a 'store-front'
merchant account. Do I need this?
If you already have a merchant account for
any type of physical business and you want to have an address on
the web to conduct business, you will need to contact
your banker to be sure that your current merchant account is
capable of accepting 'Online' website transactions. Some types of
"store front" merchant accounts allow you to accept a
small portion (amount depending upon what you designated when you
applied for your merchant account.) but the cost you will pay for
that transaction will be your discount rate + an additional 1-2% fee
for Non-swipe fees. As a representative what is best for you.
Step 2
Obtain a "Payment Gateway" for processing credit cards.
- This is included FREE
with our NetsiteCart plan. Find out more here
Step 3
Obtain a
Shopping Cart and SSL access.
A secure shared server certificate - SSL access, is included
at no cost in our NetsiteCart plans. What
you will be selling online will dictate what type of shopping cart
you will need. For a FREE consultation call 1-866-4My-Host
(1-866-469-4678) or email sales@nvhost.com
and ask for a free Online Business consultation. Designate an
appropriate time to call and a contact telephone number. We
will give you truthful advice on what would be Your best option.
- This is included
FREE with our NetsiteCart plan.
What are the
exact fees and costs for me?
-
Setup cost: $0
-
Authorize.net
Payment Gateway License Fee: $49
-
Discount Rate: 2.20% for Visa/MasterCard!
-
Billing Fee: $10.95
-
Gateway Fee: $15.95
-
Per-Transaction Fee: $0.25
-
Virtual Terminal (Internet based): Included Free
-
Real-time Credit Card processing: Included Free
-
$25 Monthly minimum
Are there any 'hidden fees'?
In some cases, extra or hidden fees
(1-2% of total transaction) for overseas credit
cards, business credit cards or unverified billing addresses, may
occur. This is usually a very small amount of most
transactions if any.
Get approved online right now by
filling out our fast application. Sign
up here
