On 05 Apr 2011, at 22:48, Wade Preston Shearer wrote:

> I have built several web payment tools utilizing different payment gateways. 
> Each time though someone else took care of setting up account with the 
> gateway and the merchant account with the bank.
> 
> For another project, I am now needing to set up the accounts myself. In 
> looking into it, I am running into questions about a Payment Processor. I 
> thought that all you needed was a Gateway and a Merchant Account. Is that not 
> the case?
> 
> Is it really that you need a Merchant Account and a Payment Processor and a 
> Gateway is just an additional tool to make things simple (virtual terminal, 
> APIs, etc)? Do you have to get an account with a Payment Processor as well 
> and do they take a cut of each transaction as well or does the Bank (merchant 
> account) have a Payment Processor that they already use?
> 

I use Authorize.net.  I do not have a separate Payment Processor.


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