Online Merchant Accounts

Internet Merchant Accounts are very similar to MOTO merchant accounts in that the merchant is not able to physically swipe credit cards through a credit card processing machine thereby capturing the magnetic data. There are two ways in which Internet merchants, selling their products via a website can process credit cards. One is with a standard MOTO merchant account and a credit card machine, and the other is via an e-commerce gateway merchant account and real time credit card processing. 

 Using the 1st method, merchants would have the credit card, debit card, or check card information transmitted to them via e-mail through a secure form or verbally via the telephone.  The merchant would then manually key the credit card number, expiration date, CVV2 code, invoice #, billing address, billing zip, and the amount of the sale into the credit card terminal for an authorization.  This is the method that 1st National recommends to merchants who have new websites that are not yet generating a lot of traffic or sales.  In most cases it has a free set-up and carries a flat monthly fee of $7.95 per month, no monthly minimum and no annual fee and the ability to process all 4 major credit cards as well as all debit and check cards with the Visa and Master Card logo.

The second method for processing cards using an Internet Merchant Account is through use of an internet payment gateway.  The internet gateway, also called an internet virtual terminal, links to the shopping cart of a website and automatically processes credit card, debit card, or check card information inputted by the cardholder through a secure form.  Upon authorization or decline the cardholder is automatically e-mailed a copy of the transaction receipt as is the merchant. The merchant can log onto the virtual terminal anywhere in the world where they have internet access.  Through the virtual terminal, the merchant can view all activity on the merchant account, process manual transactions for mail orders and phone orders, and customize fraud filters. Using an internet payment gateway to process merchant account transactions is very professional and extremely efficient.  It is, however, more expensive due to the additional costs associated with the gateway provider.    

1st National Processing has several internet payment gateways from which a merchant can choose. They usually have a Free Set-Up and low fees of $15 per month and 15 cents per transaction. Please check out our Internet Payment Processing page for more information on our e-commerce solutions.  Our internet merchant accounts are compatible with most internet payment gateways in the industry including, but not limited to, Authorize Net, VeriSign, and Yahoo Store.  So if you already have a gateway and are searching for a compatible merchant account, apply for a Merchant Account today and you will have a live merchant account in less than 24 hours.

For merchant’s who already have a website with a shopping cart, 1st National’s internet payment gateways and merchant accounts are free to set up.   Standard MOTO merchant account rates apply and the merchant will have the ability to process all 4 major credit cards as well as all debit and check cards with the Visa and Master Card logo.  There is a flat monthly fee of  $7.95 per month, no monthly minimum and no annual fee with the internet merchant account. The internet gateway fees are in addition to the merchant account fees and start at $15 per month and 15 cents per transaction.