The client is responsible for making certain arrangements prior to launching a commerce Web site. Order processing and direct deposit capabilities take center stage.
First, open a destination bank account into which charges from your sales are to be deposited. You can use an existing business account, or open a brand new one for your online sales -- the choice is yours.
Your bank will usually recommend a merchant software (services) agency with whom they have a relationship. Together, your bank and the merchant software company will set up the system that deposits proceeds from your credit card transactions directly into your account. The transaction is accomplished via the merchant software or terminal.
This process is 100% secure, and functions separately from the actual Web site storefront. When you inform your bank that the account will be used for online sales, you must verify that the merchant software is compatible with Cyber Cash the online verification system.
To reiterate, the bank will usually already have a relationship with a particular merchant software company. If not, they can recommend an interface compatible with their system. If they are unable to do so, please contact us for assistance in locating a reputable credit card processing company.
A word of caution, if you contact the merchant software company first, you might be required to open an account with the bank of their choice. Consequently, proceeds from your online sales may initially be deposited into a bank that is located outside of your immediate area. This scenario is possible but not always the case.
Once you have set up the destination bank account, and the merchant services are in place, you are equipped with the same transaction capabilities as a physical storefront. Credit card transactions will be processed via your software or terminal, with proceeds deposited directly into your bank account. The next step involves linking your merchant software to your online verification system