fullfrequency Posted April 6, 2004 Posted April 6, 2004 Does anyone have documentation that describes how to set everything up. I'm new to this and I'm not sure how the transactions work from start to finish. For instance, I know I can bill a credit card, but where does the money go specifically and how do I set that up. Thx. Quote
Dr. Ephemeron Posted April 6, 2004 Posted April 6, 2004 (edited) Does anyone have documentation that describes how to set everything up. I'm new to this and I'm not sure how the transactions work from start to finish. For instance, I know I can bill a credit card, but where does the money go specifically and how do I set that up. Thx. Well first of all, you need a business, a business bank account, merchant account, and gateway. The money goes to your bank account. You will have to get a tax ID and probably a couple of references from people you do business with for the merchant account. You generally pay a monthly fee for the merchant account and gateway and a percentage and transaction free for each purchase. If you look around you can get a monthly minimum on your merchant account so that you don't have to pay an extra monthly fee if your percentage + transaction fees meet the minimum. Edited April 6, 2004 by Dr. Ephemeron Quote
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