Merchant Account Faq
What is a
merchant account? Why do I need one?
A merchant account
gives a business the ability to accept credit cards as payment for the
company's goods and services. It provides your customers with an
extremely popular payment option, beyond cash and
How does it
The merchant account provider authorizes the credit
card transfer from your customer and deposits the funds for their
purchases directly into your business checking account, typically within
two business days.
How do I get
a merchant account?
Merchant accounts are available from
some banks and other independent providers such as Cardservice
International. Cardservice is a leading transaction service provider.
Last year the company serviced over 125,000 merchants and processed over
$8 billion in bankcard volume.
Cardservice International offers
small-to-medium-sized business merchants a variety of services including
credit card services, electronic checking, Internet transaction
services, and more. Golemweb offers an exceptional merchant
account program through Cardservice. Click on the link above for more
Would it be
easier to go to my local bank to get a merchant account?
Companies such as Cardservice International actually handle the
merchant account business of many local banks. In addition to offering
outstanding programs, Cardservice International works with the kinds of
businesses that most banks consider risky, such as new enterprises,
Internet businesses, and phone and mail order businesses.
cards can I accept?
You can accept the most popular
credit cards: MasterCard, Visa, and American Express. Cardservice can
also support all other major credit cards, including Discover and Diners
What kind of
equipment do I need to process credit cards?
terminal or PC with Internet access can be used for Internet, mail, and
telephone orders. In the retail environment, a specialized
terminal/printer designed to read the magnetic strip on the back of the
customer's credit card is used. This device provides the customer with a
paper receipt at the time of purchase. An imprinter, which takes a
physical copy of the customers credit card, may also be
Can I use my
merchant account to accept credit card payments in my online store? Is
it safe to process credit cards over the Internet?
Cardservice International's Secure Socket Layer Application Programming
Interface (SSL API) offers an encrypted connection to its Secure Payment
Engine. By using the LinkPoint Secure Payment Gateway technology, all
Cardservice International merchants receive fraud screening on each
transaction and real-time reporting via their Web browser.
the merchant who wants to get online fast with a limited start-up
budget, Cardservice International is the best choice.
Cardservice International's SSL API, all orders and payment information
sent from the merchant's web site will be encrypted using industry
standard RC4 1024-bit encryption with SSL Version 3. This secure data is
routed to Cardservice International, where it is decrypted and
processed. All processed information (Approved/Declined transactions) is
then re-encrypted and sent securely back to the Web site, where it is
decrypted and displayed to the consumer. Order confirmation e-mails are
sent to the consumer and to the merchant. The Cardservice International
SSL API guarantees that the orders and payment information generated by
the merchant's Web site remains totally secure.
You also have the option of choosing between
auto-settlement and merchant settlement procedures. By taking advantage
of the Cardservice International Business Reporting module, you can view
critical ordering and financial information all from a single source:
your Web browser.
of payment solutions are available through Cardservice?
Three unique and user-friendly payment solutions are
Virtual LinkPoint allows merchants to manually enter
credit card transactions on a PC through a secure connection to the
Internet. Virtual LinkPoint is the Internet equivalent of a
point-of-sale (POS) terminal or PC-based transaction software - without
the hardware and software and maintenance expenses. Virtual LinkPoint
provides sales, returns, authorizations and real-time
LinkPoint HTML is a simple, yet sophisticated product
that requires a little hands-on setup work by the merchant. It wraps
around the merchant's existing Web site, allowing shoppers to select and
order products and securely pay for them with a credit card. The same
services provided by the Virtual LinkPoint are available with LinkPoint
LinkPoint API is the most sophisticated level of service,
enabling software companies, Commerce Service Providers (CSPs), Internet
Service Providers (ISPs), or cyber-wise merchants to add secure sockets
layer (SSL) payment capabilities to their products, services, or custom
storefronts. Additional features, such as tax and shipping calculations
and electronic softgood download (ESD) (software, pictures or text) are