Merchant Account Credit Card Processing Services

Studies have shown that consumers will spend 12-18% more* if they can use a credit card. Make it easy for customers to buy from you.

Internet, Mail, or Telephone Orders

For payments that come from an e-commerce site, mail, fax or phone order.

Monthly Fee $29.99
Set-up Fee FREE
Application Fee FREE
Monthly Minimum $0
Discount Rate 2.19%
Transaction Fee $0.29
Call 1-800-838-9699 or
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Retail Brick and Mortar

An alternative to accepting cash and checks at a business's physical location.

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nsMobilePay™

For businesses on the go that use their iPhone® as a mobile credit card terminal.

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It's Time to Make the Switch

Are you looking at your statements and wondering if you could be spending less on credit card processing? Call us. We'll meet or beat your current rates, or we'll pay you $100. Guaranteed!

Let our pricing experts see if we can save you money. How? Fax us two, recent months of merchant statements. We'll analyze them for you and send you a detailed report. You'll see exactly what you are currently paying to accept credit card payments. Plus you'll see what your savings would be if you were to switch to Network Solutions® and get a new rate.

Why Choose Network Solutions? Read More

Accepting Credit Cards

Anyone who wants to accept credit cards as payment needs a merchant account. A merchant account is your agreement with a payment processor to authorize the transactions, put them through for settlement, and directly deposit the funds into your checking account. For this service, Visa, MasterCard and credit card processors charge a discount rate, which is normally assessed as a percentage of the sale plus a transaction fee.

Many merchants can accept all four major credit cards under one merchant account. Visa and MasterCard are associations of banks that brand their credit cards. Discover and American Express are independent companies that handle their own issuing and payment processing.

If you are selling online through an ecommerce website, you will also need a payment gateway. This is the secure portal that hooks into the back end of your shopping cart and transmits the credit card information to the card issuer for authorization and settlement. A payment gateway is similar to a terminal or point-of-sale device you would find in a brick and mortar retail environment. Most payment gateways can also be used as virtual terminals to key in a customer's credit card information for mail orders or telephone orders (MOTO).

Three Types of Merchant Accounts

Retail Brick and Mortar
This type of merchant account is used when the customer's credit card is in hand and can be swiped through a processing terminal for authorization. You will need POS (Point of Sale) equipment to process credit card payments in your retail brick and mortar store. You can use a standard landline terminal with swiping capabilities or you can opt for a Web-based virtual terminal.

Internet/Mail/Telephone Order
Ecommerce payment processing allows you to accept credit card payments through your online store and requires a merchant account and a gateway. To process credit card payments by mail, fax or telephone, you will need to obtain your customer's bill-to address and key-enter the transaction. POS equipment and a standard landline terminal or a Web-based virtual terminal are needed.

nsMobilePay™
Perfect for small businesses on the go, a mobile merchant account gives merchants the option of using their iPhone® or iPod Touch® as mobile payment processors. You will need to download the free nsMobilePay™ mobile payment application. Optional mobile card reader that integrates with your mobile device is not required to use nsMobilePay™.

Obtaining a Merchant Account and Payment Gateway

Application
Most applications ask for your company's Tax Identification Number. If you don't have one, the social security number of an owner often suffices.

Underwriting
Payment processors underwrite your business because they are forwarding funds from your sales before the customer has paid their credit card bill. In most cases, the payment processor will ask for documents showing proof of business, pricing examples, trade references, and a return policy. These documents are used by the processor to manage your risk and theirs and find a win-win solution to your credit card processing needs. Sometimes, the processor will make a compliance call to the merchant to verify information.

Approval
Once approved, you will be notified of your new Merchant Account ID number and the integration process required for your gateway. In most cases, integration involves simply placing your gateway codes into your shopping cart so that the two systems can communicate.

Did You Know?

You can apply for your merchant account ahead of time, even before your website is live or your inventory is ready.

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* Source: Dun & Bradstreet