Internet Gateway &
Merchant Account
You must acquire a Gateway (for card authorization) and Web Merchant
ID (for card processing). This is separate from your regular in-house
Merchant ID. This process, which would usually take two to three weeks,
can now be completed in as little as 24 hours. The online form is accessed
at the end of the SpeedEmenu Setup Wizard (step 2).
TYMYL Corporation has chosen
Cardservice International to authorize and process credit and debit
cards from Visa, MC, and Amex both for you and ourselves. The setup
cost for this is already included in the setup fee when you run the
SpeedEmenu wizard. You will receive your monthly bank statement and
statement of transaction fees directly from Cardservice International.
In completing the on-line
application for your Cardservice International account you must have
a US Bank account and US address, and you must be accurate about all
the questions asked so as not to delay the process.
With instant approval (97%
of the cases) and a credit card line of up to $30,000, you will be
well on your way to conducting e-commerce! Within 24 hours of submitting
your on-line application your new account information, Gateway, Merchant
ID (MID), and Terminal ID (TID) will be setup and you will then be
notified. Now that's service!
The monthly rate and fee
schedule for Cardservice International is as follows:
Gateway Fee: 30 monthly
Bank statement: $10 monthly
Transaction fee discount rate: 2.35% + $0.25 per transaction
Address Verification Service (AVS): $.05 per transaction
Minimum monthly transaction fee: $15
Summarization of Transaction
Fees:
Therefore, if your monthly credit card transaction fees amount to
$10, you will be billed $15 (the minimum) plus the bank statement
of $10 plus the Gateway fee of $30, for a total of $55. If your transaction
fees amount to $20, you will be billed by Cardservice International
$20 + $10 + $30 for a total of $60.
* International accounts
are subject to a different discount rate. Contact your International
Sales Rep for details.