Merchant Account and Payment Gateway
So, you have decided to accept credit cards on your website as an online payment method. This is good news as it will make your products and services available to international consumers as well as offering convenience. In order to accept credit card payments onto your website you need to set up a merchant account. There are two methods in doing this. You can either approach a bank or other type of financial institute that offer merchant accounts and apply with them or you can go through a third party merchant account payment processing service. Deciding on which option will suit you best can be difficult so here are some guidelines on both methods. There are charges with both types of merchant accounts. Transaction fees have to be paid to the bank every time you make a sale, also there are various risks involved when accepting payments from credit card holders due to online payments being very difficult to check.
Rates and Fees for the CCLogic Merchant Services
The rates and fees depends very much on which solution we choose for your e-commerce or online business
and what type of business you are into.
Please Note! We do not provide the payment processing, but the payment processing is tailored through processing partners and acquring banks.
Our Payment Processing partners rates can be set in the following categories and are ONLY standard rates, the final
rates you receive from the bank can be lower or higher.
In general for High Risk Business the rates are high same the setup fee