When processing, non-bank cards are associated with your Visa-MasterCard Merchant ID. Contact us to see if your bank is one of them. E-xact’s gateway can process transactions with approximately 80% of the American Banks through our bank processor relationships. US dollar (USD) merchant accounts are available for Visa, MasterCard, and select Private Label Cards from Canadian merchant service providers.īanks in the United States issue Visa and MasterCard under one merchant ID. US Dollar merchant accounts from Canadian Banks To setup Canadian Dollar non-bank (private label) cards such as American Express, you will need to apply with these companies directly through their Canadian branch. Canadian merchants can set up a merchant account through a credit card merchant account service provider (such as Global Payments, Moneris, Chase Paymentech, etc.) who would be able to provide accounts for multiple credit card brands. Call E-xact’s Sales department for further information. Merchant Bank RelationshipsĮ-xact is bank “agnostic” and can process payments for merchant accounts from the majority of Canadian and US banks. Deployed primarily in brick-and-mortar outlets, usually a card-swipe device is utilized. Card Presentįor businesses that handle the credit card physically and receive the cardholder’s signature. When Internet processing is being used, 3-D Secure will help to reduce fraud and help to shift liability to the cardholder or the cardholder’s bank. Familiarizing yourself with these concerns will help you address the banks’ requirements for your business. Commonly used by call centers.īecause of the nature of Internet Merchant Accounts there is a higher risk of charge-backs and fraud. MO/TO (mail order/telephone order) – for merchants accepting card numbers by phone or fax.Internet Merchant Accounts – specialized for merchants setting up e-commerce and online web businesses.Card-Not-PresentĬard-Not-Present means that the merchant does not handle the card physically or receive the cardholder’s signature. E-xact’s technology can process for both Card-Not-Present and Card Present environments. Separate merchant accounts must be obtained for Card Present and Card-Not-Present transactions. Bank discount rates and possible transaction charges are separate from E-xact’s prices. The type of account will depend on the device and method by which you accept credit card data. The processor is connected to the merchant via the Payment Gateway Provider – E-xact Transactions.Īs a merchant business, you will need merchant accounts in order to accept payments. The processor works as the central “clearing house” for the acquirer and conducts processing between the merchant site and the acquirer.
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