Gateway and Merchant Account
I'm wondering what role a Merchant Account and Payment Gateway play in this process. Your help would be appreciated.
Dave
Discussions are closed to public comments.
If you need help with Cheddar please
start a new discussion.
Keyboard shortcuts
Generic
| ? | Show this help |
|---|---|
| ESC | Blurs the current field |
Comment Form
| r | Focus the comment reply box |
|---|---|
| ^ + ↩ | Submit the comment |
You can use Command ⌘ instead of Control ^ on Mac
1 Posted by adam on 05 Jul, 2012 03:14 PM
Hi Dave,
A gateway is like the swipe terminal; it takes a customer's credit card payment information and securely transmits it to a processor...
The merchant account is the behind-the-scenes processor that moves the money from the customer's credit card to your bank account.
CheddarGetter provides the gateway account, so our customers have one less thing to worry about. The merchant account is basically like credit, so we can't provide that for customers without an underwriting department, which would raise our overhead and hence our prices. Instead, we have partnered with some affordable companies that provide merchant accounts.
Hope that clarifies things a bit,
Adam
Dean closed this discussion on 23 Jan, 2013 02:38 PM.