That may be in the fine print. But we only have a single account for both transactions. I believe it is more dependent on your bank.
Card not present transactions have a higher risk since charges can be rejected for up to 6 or 9 months and the merchant has very limited recourse. So during the internet phase (you remember those good old days) when firms where popping up with no real assets, 3rd parties jumped in to accept the risk when banks would not. Fees of course rose to cover the risk with some profit. For any business with a history and a solid banking relationship, these 3rd parties and their fees can easily be avoided. This is also an excellent reason to find a local bank that has experience working with small companies and develop a relationship with them. We had a receivables line of credit before we established our merchant account. Andy -----Original Message----- From: Ben Rogers > You don't always need all of these players. Right know, I have my credit > card account with Northern Trust and they've hired an electronic provider > (ADP/Chase) that we use to process transactions. We do not have any > additional fees besides the rate we negotiated with our bank. The > majority of our transactions are card not present all settled > electronically. Some companies provide all three services (payment gateway, Internet merchant accounts and merchant account). I'm no expert, but I believe that, in the United States, you need an Internet merchant account that's separate from your merchant account (business checking account) for card-not-present transactions. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:4:195499 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=11502.10531.4 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
