a quick overview
There are several entities involved in the online payment process, and all of them get paid by the merchant. Here is the high-level overview:
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Cost |
Your Web Store
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Your webstore has a secure shopping cart technology based on WebDNA that enables your customer to safely place a credit card order. |
Cost to build a site depends on your requirements. Elements associated with this are:
If you are using a WebDNA Commerce Portal, much of this is already included in your portal price. |
Payment Gateway |
The Payment Gateway takes the secure order information and hands it off to the Payment Processor. The Gateway has established the interface behind the scenes that talks to the shopping cart and safely delivers the information to the Processor. |
Onetime setup fee: $49 Monthly Gate Fee: $15 Transaction Fee: $.10 per |
Payment Processor |
The Payment Processor takes the credit card information from the Gateway, receives authorization from the customer credit card account, and passes payment into the Target Account. |
All prices are approximate.
Annual Account Fee : $45 Monthly Statement Fee: $10 Transaction Fees: $.18 - .20 per transaction $.10 Visa/MC per transaction 2.4% (+/-) transaction fee |
Target Account |
The Target Account is the bank account you want funds to be sent to, and which will be used in the event of charge-backs. It can be any US based checking or savings account you designate. |
There may be fees to maintain a business bank account. Check with your bank. |
Payment Gateway:
Payment Processor:
Getting Set up
If you are a Commerce Portal customer, WebDNA Software Corp will work with you to make sure all of the required elements are in place.