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FreeMerchant.comTM, a division
of Network Commerce Inc., and Total Merchant Services (TMS),
are working together to provide merchants with a safe and
secure way to accept real-time payments for their E-business.
For an online business to be successful a merchant must be
able to accommodate its customers and process their payments.
Through the FreeMerchant/TMS packages, merchants will be able
to accept all major credit cards, government purchasing cards
and checks. These packages provide automated payment acceptance
and also allow merchants the ability to manually transact
phone, mail and fax orders. However there are specific requirements
to begin accepting card and check payments from your website
and certain bank and software costs apply.
Every merchant that wants to accept and process payments
on the Internet is required to have the following:
- An Internet merchant account
- A Virtual Terminal
- An Internet Payment Gateway certified with their credit
card processor.
What is an Internet merchant account?
An Internet merchant account is a merchant account specifically
approved for processing "card not present" sales [i.e. "MO/TO"
(mail order, phone order) / Internet-Based transactions].
Visa and MasterCard have different criteria for evaluating
the potential risk involved in credit card transactions where
the card is not physically presented to the merchant. This
type of business is typically referred to as "card not present"
or "MO/TO" (mail order/telephone order) merchant. For this
reason, a separate merchant account is required.
What is a Virtual Terminal?
A Virtual Terminal performs all the functions of a physical
credit card/check processing box, conveniently accessed over
the Internet through a secure web page interface.
What is an Internet Payment Gateway?
An Internet Payment Gateway is a feature of a virtual terminal.
It takes the credit card information from the Virtual Terminal
to the credit card processor, and returns the approval information
back to the Virtual Terminal.
The Internet Payment Gateway does this in a "real-time" manner,
over the Internet, in a totally secure environment.
Why do Internet Payment Gateway Providers exist?
They exist because credit card processors will not allow
individual merchants to access their systems through the Internet.
They do not permit this because of security issues.
Credit card processors only permit companies that have "certified"
their software to access their systems. In this way, credit
card processors are able to make sure only a few certified
[and therefore trusted] companies have access to their systems
via the Internet.
What can you do with a Virtual Terminal / Payment Gateway?
First, you can use the Virtual Terminal to perform all the
same functions of a physical credit card terminal, conveniently
accessed over the Internet through a secure web-page interface.
You will be able to manually process credit card transactions,
issue credits, void transactions, view your online log file…
really manage your Internet-Based business… from any computer
in the world.
 With
each TMS/FreeMerchant package, merchants receive set-up of
a Total Pay (Powered by Authorize.Net) account. Total
Pay Virtual Terminal (Powered by Authorize.Net) - an internet-based
transaction processing system that enables businesses to authorize,
process, and manage credit card and electronic check transactions
in a real-time, online environment from any computer with
an Internet connection and a Web browser. Online
Documentation
| Costs, Rates and Fees : |
| Merchant Account setup |
WAIVED |
| Discount Rate |
2.29% for Visa/MasterCard Transactions |
| Per Item Fee |
$.30 (includes Address Verification Service) |
| Monthly Support Fee |
$10 |
| Monthly Gateway Payment Fee |
$10 |
| Software setup |
$195 (ONE-TIME Cost) OR $19.95 per month |
Get your E-business started the right way; through the Total
Merchant Services' online application link below you can begin
to accept payments immediately.
To speak with a representative regarding your options, Email
freemerchant@totalmerchantservices.com
or Call 888-84-TOTAL and Ask for Sales
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