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Tuesday, 02 December 2008
 
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Merchant Account

A merchant bank is a financial institution that provides business level accounts to merchants for collecting payments from consumer bank or credit card accounts. If you’re already selling products from a retail location, you probably have a Card Present (CP) merchant account. However, to sell from your Web site, you’ll also need a Card Not Present (CNP) merchant account. A CNP account is used by merchants that receive payments via the Internet or in situations when a payment is not physically presented to the merchant by the consumer at the time of the transaction (e.g. telephone orders).

Excellent Multimedia, Inc. has teamed up with Authorize.Net as an Affilate Reseller to offer these services to our customers for complete integration into our ecommerce products.  You can also contact your current banking partner to find out if they provide CNP merchant accounts.

 

Payment Gateway 

The Authorize.Net Payment Gateway can help you accept credit card and electronic check payments quickly and affordably. More than 212,000 merchants trust Authorize.Net to manage their transactions, help prevent fraud, and grow their business. 

The Authorize.Net Payment Gateway is a secure Internet bridge between merchant businesses and the credit card and electronic check payment processing networks. We provide merchants with fast, reliable and secure passage for transaction data via a 128-bit Secure Sockets Layer (SSL) Internet Protocol (IP) connection, and manage the complex routing of payment information to the appropriate credit card processors.

See a diagram that illustrates a typical Authorize.Net credit card transaction. 

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