Safe and reliable payments since 1997
What is payment processing?
Wanting to learn about credit card processing and how it all works?
You have heard stories about people making their fortune selling online. You are now ready to get stuck in, however, you’re not sure how to get started and what everything means.
With this guide we will help you understand how online payments work and hopefully will get your business online and trading in no time!
Web-Merchant has brought together all the elements needed (merchant account and payment gateway) allowing your business to accept credit and debit cards from your customers.
We have designed the application process to be as simple as possible so that you can apply for our merchant account at the same time as our payment gateway, with 95% of all applications being accepted.
It’s quick, easy & painless
For the purposes of this guide we are going to assume you are totally new to online payments and have no prior experience of taking payments online.
Forget about going straight to your bank for your merchant services. Because we are an independent provider, we make the task of accepting cards in your business a simple and straight forward process.
The first thing you need is a merchant account and payment gateway to process the payments.
The merchant account verifies credit card and customer information. This includes checking to see if the details supplied are correct (address, card number etc.) and if the card has been reported stolen, or has enough funds.
If the transaction is successful, the merchant account then deposits funds to your designated bank account where you can then access them.
A payment gateway is separate and acts as an intermediary between your website and all the banking systems. This is a seamless process and your customer does not interact with the gateway.
The credit card details are submitted via the gateway, which securely sends the information through the relevant financial networks to the merchant account.
Now you know what happens to actually process a payment, you now need to know the methods to allow customers to physically pay you.
The two main methods are:
Through a website
If you are wanting to accept payments through your website you will need to have some sort of shopping cart or website which is integrated to the payment gateway and merchant provider. Once someone adds product(s) to the basket and wishes to pay, they will then be taken to a secure payment page where they can enter their credit card details.
Using a Virtual Terminal
To take credit card transactions over the phone (MOTO), you simply enter the customers credit card information onto a secure website that you access and submit the information to complete the transaction.
The virtual terminal is like a payment page in reverse. However instead of the customer entering their details on your website, you complete it for them.
We provide a FREE virtual terminal with all our payment processing
As part of the application procedure you must supply details of the bank account you wish funds to be paid into. This is the money that you have taken, minus any transaction fees, from customers using your website or virtual terminal.
Depending on which merchant account you choose depends on when you get your money. With the Standard Account you are paid (settled) daily. The High-Risk and Adult Merchant Account and Gateway is either weekly, 12 days in arrears or daily, 7 days in arrears (subject to application).
Well that's the crux of it. However, to enable you to get the merchant account and payment gateway you do need to make sure you comply to the following minimum requirements;
- At least 18 years of age
Below you will find all the accounts we offer. Depending on your business depends on the account you will need:
High Risk Account
MOTO / Phone Payments
CBD Payment Processing
e-Cig Payment Processing
Ready to get started?
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Approved. Anti-Money Laundering Registration No.12709698.