Hi,
I want to build a simple custom web form that can accept credit cards online(just the major CCs is okay for now).
So I found out I needed a merchant bank account. So I went to Bank of America and told them I needed a merchant account to accept online payments. BofA told me that I needed the sacred “fictitious business name” in order to open the merchant bank acount. So I got the business name and opened a special bank account for accepting online payments.
Then I chose authorize.net. I am having trouble understanding what fees I need to pay for. When going through authorize.net they want me to open a “payment gateway” account and a “merchant” account. Is this authorize.net merchant account different from my bank of america merchant account?
What’s the best way to go between authorize.net and BofA for accepting basic Credit card payemnts online?
Anyone know the basic overall flow of online cc processing?
