> I'm new to ecommerce and have helped my customer set it up. We are using > the authorizeNet processing. Is there someway to know all the fees > associated with ecommerce business? > > We currently get invoiced by: > Millenium Bank Services, AuthorizeNet and Concord Payment Systems. This > is a bit confusing. Could someone that is knowledgeable in this area > assist me? Why do you have to deal with so many companies to do online > ecommerce?
You need several components to process a transaction online. They can come from several companies or from just one. The first thing you need is a gateway. That's where Authorize.Net comes in. They interface with the banking system. They deposit the money in what's commonly referred to as an Internet merchant account. Internet merchant accounts are accounts that are used for card-not-present transactions. That includes any transaction you would place over the Internet or by calling, faxing or mailing the credit card number. Internet Merchant Accounts usually take a fee per transaction. This is on top of the fee that the credit card company is taking. Finally, you need a regular old bank account like a business checking account. Usually, the one you have with your local bank will be enough. This is where the money ends up. They, of course, charge their own set of fees. These vary quite a bit from bank to bank and depending on the type of account you have. Just did a quick search and found this page. It looks like it covers this in a bit more detail: http://www.tamingthebeast.net/articles2/back-end-ecommerce.htm Ben Rogers http://www.c4.net v.508.240.0051 f.508.240.0057 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Logware (www.logware.us): a new and convenient web-based time tracking application. Start tracking and documenting hours spent on a project or with a client with Logware today. Try it for free with a 15 day trial account. http://www.houseoffusion.com/banners/view.cfm?bannerid=67 Message: http://www.houseoffusion.com/lists.cfm/link=i:4:195447 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/4 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:4 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.4 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
