On 9/23/07, Ben Sgro (ProjectSkyLine) <[EMAIL PROTECTED]> wrote: > Which banks work with authorize.net? Do all banks work w/the service? > Does anyone know where to find such info.
I might be a bit off in the terminology, but there are three players in the process. * First, there's your bank where you should have a Business Checking account. I used Wachovia when I set mine up in Jan 2005. I think any Business Checking account should work, but supposedly personal accounts do not. * Then there's Authorize.net which is the payment gateway/processor (incorrect term?). Your customers put their CC info there. * Finally, between them is another bank which handles the transaction between Authorize.net and your bank. They do the deposits, etc. I did mine with Wells Fargo. Shop around on rates - the discount rate is their cut. Dating sites will lose more (6+%) while established businesses are usually much less (2-3%). I got 2.19% when I did mine. And carefully watch your chargebacks. kc -- D. Keith Casey Jr. CEO, CaseySoftware, LLC http://CaseySoftware.com _______________________________________________ New York PHP Community Talk Mailing List http://lists.nyphp.org/mailman/listinfo/talk NYPHPCon 2006 Presentations Online http://www.nyphpcon.com Show Your Participation in New York PHP http://www.nyphp.org/show_participation.php
