Particletree · Processing Online Credit Card Transactions
Popularity Report
 |
|||
|
|||
|
|||
|
|||
|
|||
|
Rank
URL Tag Cloud
Bookmark History
Saved by 17 people (-4 private), first by anonymouse user on 2006-07-26
- Allensm1206 on 2009-08-21 - Tags creditcards , payment , howto , tutorial
- Joel on 2008-09-07 - Tags payment , review
- Garraxxi on 2007-08-28 - Tags account , api , article , articles , business , card , creditcard , creditcards , ecommerce , payment , transactions , web , webdev
- Eamon_costello on 2007-03-09 - Tags no_tag
- Tsimoes on 2007-02-17 - Tags no_tag
Public Sticky notes
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.
Highlighted by tsimoes
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.
Highlighted by tsimoes
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.
Highlighted by joel
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.
Highlighted by joel
Public Comment