Online shoppers love the convenience of being able to make purchases with credit and debit cards. As a merchant, setting up a payment gateway and merchant account will allow you to accept credit card payments through your online store.
Payment gateways leverage a secure connection between your online store and Internet merchant account – allowing the exchange of purchase information. A merchant account is simply a contract with a bank to accept online credit card payments from your customers.
Hostway has teamed up with PayPal and First Data to help you include credit card payment functionality.
PayPal Standard and PayPal Pro both operate on the same cost structure. In addition to transaction fees, there is also a $30 monthly fee for PayPal Pro.
|Monthly Received Payment (USD)||Fees Per Transaction (USD)||PayPal Pro|
|Standard Rate||$0.00 USD-$3,000.00 USD||2.9% + $0.30 USD||+ $30/mo.|
|Merchant Rate||$3,000.01 USD-$10,000.00 USD||2.5% + $0.30 USD||+ $30/mo.|
|Merchant Rate||$10,000.01 USD-$100,000.00 USD||2.2% + $0.30 USD||+ $30/mo.|
|Merchant Rate||Greater than $100,000.00 USD *||1.9% + $0.30 USD||+ $30/ mo.|
As merchant account provider, First Data delivers a cost-effective service, allowing you to start accepting credit cards soon.