How does credit card processing work with e-commerce?

There are two seperate components of credit card processing that you must obtain, a internet merchant account and a payment gateway. The internet merchant account is a seperate bank account that receives credit card payments. It typically does not hold funds but transfer payments to your business bank account. The payment gateway is a transaction handler that connects the shopper's credit card and the internet merchant account. We use the following standard payment gateways: PayPal, plugnpay, TrustCommerce, Authorize.net, PSiGate, ipayment, or SECpay. Your internet merchant account must be compatible with one of these payment gateways.

To simplify the process of obtaining your internet merchant account and payment gateway, we have list of recommended providers. This assures that the two accounts get set up correctly and streamlines the process. The phone numbers below are the direct number to their sales representative.

Name	Setup	* Merchant    Rate	Per Transaction		Monthly Gateway Fee	Monthly Statement Fee
(800) 945-2538 x 112	$125.00	2.35%	$0.35		$20.00	$10.00
(801) 492-6540	$99.00	2.19%	$0.35		$17.50	$9.95
BANC CERTIFIED MERCHANT SERVICES (877) 861-8008 x 2246	$80.00	2.19%	$0.25		$15.00	$7.50
(888) 845-9457 x 86	$0.00	2.33%	$0.29		$19.95	$9.95
(800) 932-5708 x 316	$0.00	2.24%	$0.25		$15.00	$8.00
* There is a $25.00 monthly minimum on every merchant account. The monthly minimum does not apply to the monthly Gateway or Statement Fee. Example: If your merchant rate is 2.29% and you sell $1200 during one month, your total credit card processing fees would be $27.48 ($1200 x 2.29% = $27.48). This amount is greater than the $25.00 monthly minimum, so you do not have a minimum this month.