|To setup on-line payment processing you need to create a 'Merchant
Account'. This 'Merchant Account' can be setup through your financial institution or
through a Credit Card Processing Service.
be charged a setup fee, a per transaction processing fee percent and possible monthly
An example of CSI (Card Services International)
- $395 Setup Fee
- 2.35% of order (including taxes & shipping) on Visa
and MC + 30 cents a transaction
- 3.75% + 30 cent on
- Customer Service Fee $10
- Monthly Gateway Fee $15
This is one area you definitely want to shop around.
Your bank may charge additional fees..and your bank may be capable of setting up
this account at a competitive or better rate.
A new trend has been for ISPs to offer a 'Merchant
Account' for you. They are receiving a 'kickback' fee from the credit card processing
companies and your setup fee can be as much as $450 verses the $395.
Once you have a Merchant Account setup you will need to
setup the framework to pass the information to the account.