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FAQ
What is an internet merchant account?
An internet
merchant account is essentially a separate bank account that allows you to
accept credit card payments without having to actually see the card or card
user in person, via a payment gateway. This account is not the same as a
regular merchant account (like what your local fabric shop has and which
includes the card swipe machine). If you already have a merchant account,
but want to accept credit cards online, you will also need an internet
merchant account. Doing business online is virtually impossible without the
ability to accept credit cards. And if you want full control of your credit
card transactions, you will need an internet merchant account, as opposed to
using a third-party payment processor such as
Paypal or 2checkout.
What is a payment Gateway?
The
Payment Gateway is the online credit card processor that connects to the
online shopper’s credit card account and the online merchant account to
handle the ecommerce transaction. The processor verifies the credit card
information and completes the transfer of funds from one account to the
other. This is also the service where you setup your payment settings, and
from which you receive daily information regarding what payments have been
made and what funds have been deposited in your bank account. Typically, you
will receive a deposit each day that you receive a payment. Your associated
fees will be charged each month.
Benefits of having an online merchant account / payment gateway
Why should I sign up through Watersweb?
Watersweb
Solutions LLC has partnered with e-onlinedata to offer you the highest
quality Credit Card Processing and Payment solutions. We specialize in
Merchant Accounts for Internet, Mail Order/Phone Order, Retail and Auction
businesses.
We feature INSTANT ESTABLISHMENT of your Merchant ID Number — as soon as you submit the Online Application for your merchant account, we issue your live Visa/MasterCard Merchant ID.
What are the rates for your online merchant account / payment processor?
Ready to Upgrade from
Paypal or start your business venture?
If your business or organization needs to accept Visa and MasterCard (AMEX
and Discover Card available) to boost sales and income, click the link below
to find out more about the special program we have negotiated for you with
leading eCommerce Merchant Account provider e-onlinedata.
The Authorize.Net Payment Gateway system is fully compatible with your Watersweb Shops Kit or Shop Kit Plus and we have technical support standing by to assist you in launching your eCommerce storefront.
To learn more about our Merchant Accounts with Authorize.Net, please click here:
