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To accept credit cards on your site, there are
three things that are generally required:
A merchant account is used for depositing a
customer's funds from their credit card/bank account into
your checking account. There are various fees involved in
this process. Visa and MasterCard have their fees, the banks
involved have their fees and the processors have their fees.
A merchant account provider combines all of these fees into
one package. On an internet based business, fees are generally
higher because of the increased risk of fraud when you do
not physically see the person charging their credit card and
usually do not have their signature. Usually, the fees are
a percentage of your transaction called a (2.4%-5% or more), plus a per-transaction
fee (usually 25-50 cents). There are often extra hidden fees
for overseas credit cards, business credit cards, and unverified
addresses (marginal to 1.5% or more). There is also a monthly
billing fee (usually $10-$20) and a gateway fee (usually $10-$20)
attached to many merchant accounts. If you already have a
merchant account for your business and you are venturing online,
you will need to contact your bank to be sure that the merchant
account is set up for accepting internet transactions.
Unless you have the type of merchant account
that only does 'real-time' internet gateway processing, a
terminal will be necessary for validation of your customer's
credit cards. You have probably seen them at your local supermarkets.
In those types of businesses, you or the sales clerk swipes
your card and the machine dials up a processor, verifies your
card is legitimate, gives an approval number, and prints out
a sales slip for you to sign. On the internet, the most popular
choice is a "virtual terminal" that processes orders
via the internet. Sometimes, a virtual terminal will be included
with a merchant account.
A secure server (internetsecuresite.com) is
included in most of our web hosting packages. The type of
shopping cart you will need depends much on the variety and
type of products you are selling. If you are selling a low
variety of products, you will not usually need a highly advanced
shopping cart to do the job. Wyenet offers several different
kinds of free shopping carts included as part of our normal
packages. These are generally designed for a lower variety
of products (1 to 50 or so depending on your needs). For bigger
stores, a more advanced shopping cart is highly recommended.
Miva Merchant is generally the most popular choice for advanced
shopping systems. You can organize your store into various
categories and include a "add to cart" button next
to any items a visitor may be interested in. They can then
"proceed to checkout" where shipping and tax (if
any) can be automatically added to the total. Miva also works
with many types of virtual terminal payment systems so that
credit card processing can be done in "real time"
rather than manually. Wyenet offers Miva Merchant for $29.95
per month or as part of the Miva
Package found here. A demo of this shopping cart can be
found here.
Combine either of the following 2 plans with
one of our web hosting packages
and you will have a complete e-business solution.
Established or higher volume companies - Premium
Plan
If your web site is already well traveled
and/or you anticipate having a higher level of volume,
it would be less expensive to go with the Premium
plan. Wyenet has teamed up with E-Commerce Exchange
to provide you with these special discounted rates:
Setup cost: $99
Discount Rate: 2.29% for Visa/MasterCard!
Billing Fee: $10
Gateway Fee: $10
Per-Transaction Fee: $ .30
Virtual Terminal (Internet based): Included
Real-time Credit Card processing: Included
$25 minimum sales volume per month to avoid $25 fee.
Miva Merchant Compatible
Compatible with 140+ other shopping carts
Technical Support Included
E-Check capability with no setup fee. Accept checks online.
Compatible with all of our hosting plans
Easy
three step process to sign up
The above pricing is the best we have seen
anywhere for this type of service. Most merchant companies
will charge you to lease their terminal (usually $20-$40
per month) or to purchase it outright at $500 or more.
With this solution, your total monthly cost would only
be $20 along with your discount and per-transaction fees
(provided you have at least $25 in sales that month).
We are not just offering this package because of great
pricing. After having used E-Commerce Exchange for 18
months, we felt confident enough to offer their services
to our customers!
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