Cost of doing online commerce

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:

 

 

 

Cost

 

Your Web Store

 

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:

 

  • Consulting Services
  • Hosting

 

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.

 

  1. Begin building web site.
  2. Set up Processor merchant account.
    1. Complete the required forms and/or applications. 
  3. Test website security and functionality.  Security must be demonstrable.
  4. Obtain codes from Payment Processor for Gateway setup.
  5. Set up Gateway merchant account
    1. WebDNA Software Corp. can help with this
    2. Codes from Processor are required in the Gateway setup
  6. Use codes generated by Gateway to complete the store setup.