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How complicated to use merchant account

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inusrat

inusrat

Programmer
Feb 28, 2004
308
CA
Hi,

I have hooked up one of my shoping cart website to Paypal using PHP. It took me a week to make it work properly. PayPal tells you what variables you need to send. And when respose comes back from Paypal at the completion of the transcation, they tell you what variabless you are geting back and also provide the code as how to parse the response.

I wondering when you use merchant account, how complicated it is programatically?. Do they guide you suffiently as to what programmer needs to do, or is it too compliacted.

Thanks

 
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Most gateways provide you with the coding that you need. LinkPoint will give you a test account as well if you wanted to test. Authorizenet.com does not provide test accounts, but it does provide testing once you sign up with them.

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Corey

 
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Yes and no. If you have a US presence (Bank account/address) some MAPs will support your business.

For Canadian merchant accounts, there is PSIGate, InternetSecure, and Moneris. You might contact Derek at for some more information on the gateways / coding

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Corey

 
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thanks, I think have heard of 2C0, they only charge $49 to open the account and then per sale charges.

But don't they have the same problem that Paypal has, that customer has to leave your site and go to their site.

That's what i don't like about paypal too, that customer can see that they have left your pretty website and has gone to totally different not that pretty Paypal website.

 
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Actually - the consumer has to go to 2CO's website to complete the transaction. This is one big drawback of 3PP.

The reason this has to happen - the consumer must know who they are paying and the 3PP cannot leave that very important detail up to the merchant.

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Corey

 
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If both 2CO and Paypal fall in the category of 3PP, I am wondering why someone will use 2CO instead of using PayPal.
PayPal is totally free and for 2CO you have to pay 49 dollars.

May be 2CO is more user friendly for the consumers, may be they don't ask consumer to open the PayPal account like PayPal does if the business is registered outside USA.

 
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With 2CO, you do not have to create an account like Paypal. That is the biggest difference. 2CO pays you - the merchant - every two weeks.

Usually when people sign up & depending on their volume, you might always want a 2nd or third option in case on of the other systems is down

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Corey

 
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I used to think everytime someone talked about 3PP, that they are individuals, who got merchant account and now they are processing others transcations with their merchant account to make some extra money...

But I guess i was wrong, these 3PP are big companies.....

 
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Well to doa 3PP - costs a lot of money to set up. The risks are way to high. Most banks will not underwrite an IPSP these days because of the risks. One thing that 2CO actually says about their "service" - they are not a third party processor, you give them your products to sell. But it stilll seems like a 3PP to me

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Corey

 
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In paypal I just opened my account with , then they verified my bank account, I did everything on line with out me talking to anyone one over the phone or anything.

Is this how it works in merchant account too? Or do you have to talk to someone over the phone, or fax some paper (your business papers) to verify and stuff?



 
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With a merchant account - you are asked some questions - usually about your financial background etc. Take a look at my site in my post. You will see what is asked of you for a United States merchant account. They then usually get you wet signature from you and then you can accept credit cards

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Corey

 
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I went to your website and went to "Internet & Mail Order / Telephone Merchant Application", I believe that's what you were refering to.

You verify that he person puting the busineess name correct through Tax ID, or perhaps through business back account. How do you make sure that if a they are puting some name for DBA, they have actually done the requiured paper work for DBA? or may be throught tax ID you can find that out too.

2. There is section Additional Card Types, I belive these are the additonal cards if one would like to process, right?
SO if you don't pick any additional card, then it will be only VISA that will be processed?

Thanks

 
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It all depends on the acquiring bank / and how much you are asking for. Anything under $30,000 a month in the U.S. & it is pretty easy to get. There is not a lot of checking. Anything more, and then more paperwork would be required. But it is very easy to go online to that Secretary of State's website to make sure you entered the correct information.

Visa & Mastercard are the default. The other cards have their own proprietary system and different discount rates as well

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Corey

 
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A client of mine in Omaha whose website I made has a registered business "Subzi Mundi internatoinal", it is basicaliy a grocery store.


Now he wants to open a website selling only "leather jackets, and other leather goods" online.
I think he registered a domin "leatherhouse.com" or something like that.

Now he does not have to worry about doing any DBS stuff right?
As long as his footer says " Copyrights © 2004 Subzi Mundi Internatonal All Rights Reserved" and in the about page it says that "leatherhouse.com" is owned and operated by
"Subzi Mundi Internatonal".




 
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I beleive that is correct. I am not too familiar on DBAs etc. But if he got a US merchant account for Subzi Mundi Internatonal and placed that on the Leather House website, then the consumers would see Subzi Mundi Internatonal - and that part will be fine. Usually in the US most people set up DBAs all the time for one reason or another

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Corey

 
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