Internet Merchant Account
An
Internet Merchant Account allows a merchant to accept and process credit cards
on their website. This is usually done in conjunction with an electronic payment
gateway. Most electronic payment gateways will offer the merchant an API to
capture and process credit cards on their secure website or a secure URL on the
electronic payment gateway's server to process the transaction.
Internet Merchant Account Rates
Unlike some websites that require you to e-mail or call for rates, we post them
on our website (rates are for an Internet merchant account with the
QuantumGateway) (unlike most other electronic payment gateway, there is no monthly
service fee for this gateway and no extra charges for transactions):
- Discount Rate (Visa / MasterCard / Discover Card): 2.09%
- Transaction Fee: 20¢
- AVS (Address Verification Service) Fee: Free
- Monthly Statement / Customer Service Charge: $8.00
- ACH Fee: Free (most charge a transaction cost - this will save you
about $5.00 a month)
- Batch Fee: Free (most charge a transaction cost - this will save you
about $7.50 a month)
-
Virtual Terminal: Free (also accessible via a WAP-enabled phone)
- American Express *:
- $7.95 per month and 0% discount up to the first $5,000 in annual sales
- If $5,000 is met, American Express charges a discount rate based on
business industry and volume.
- Non-Qualified Rates - Unlike most other companies, we do not have a mid-qualified
rate, saving you more money.
- Discount Rate Surcharge: 1.00% - most companies charge 2% or more on
non-qualified rates, bringing your discount rate to over 4%! Take
a look at your merchant account statement to see how many transactions are
downgraded. If you have fifty $100 transactions downgraded to non-qualified,
this merchant account can save you at least $50.00 a month!
- Transaction Surcharge: 10ยข
-
Fraud Prevention Tools
(No Extra Charge)
- Verified by Visa (VBV) / MasterCard Secure (MSC)
-
MaxMind
-
DialVerify
- All these features are at no extra charge to the merchant to help prevent
fraudulent transactions and chargebacks while saving you time and money