Merchant Accounts

Get money transferred into your bank account within 2 business days!

ACC customers are set up on a system known as Electronic Draft Capture. Using this system, a merchant can process all of their credit card transactions electronically, without ever having to take paperwork to the bank, or mail paperwork to any credit card company. The main piece of equipment used on this system is the electronic terminal – a small, card-reader device about the size of a desk calculator. Merchants can purchase this terminal from us, or have their current terminal reprogrammed for our service. The way that the system works is simple: over the course of each month, you will use the terminal to process your credit card transactions. Each day's credit card transactions are automatically sent to the main computer. The money for each day's transactions is transferred into your business checking account within two business days. At the end of each month, all of the fees for service are automatically debited from the same account. You receive a statement each month detailing all of the deposits made into the account, and any deductions that were made.

Account Options

Retail & Point of Sale: 1.33% of Visa/MasterCard/Discover debit card sales / $8.00 Service Fee / 29 Cents per transaction / $35 Application Fee

Consumer Mail and Phone: 2.49% / $8.00 Service Fee / 29 Cents per Transaction / $35 application fee

Internet Rates: 2.49% / $13.00 Service Fee / 29 Cents per transaction / $35 Application Fee


One of the more mystifying credit card processing concepts for e-commerce merchants is the differences between the “shopping cart “, the “payment gateway account" and the "e-commerce merchant account". These three separate components of credit card processing are required and work together to process payments automatically.

The following information outlines the general payment process from the time an order is placed through web site shopping cart until your funds are deposited into your bank account.


Shopping Cart: a program that stores items selected by the online shopper for purchase. It integrates with the payment gateway account.

e-commerce Merchant Account: a credit card processing account capable of receiving credit card payments for the merchant. e-commerce merchant accounts typically do not hold funds for an extended period of time such as your typical bank account. Payments are transferred to the checking account you have designated on a daily basis.

Payment Gateway Account: the online credit card transaction processing system. This allows the online shopper to have their credit card payment sent from the card issuer to the e-commerce merchant account. The payment gateway handles the verification and transfer requests. The term account when used with "payment gateway" is not a funds holding account but rather a "service account" that typically has a log in where you can configure your payment gateway settings.

Card Issuer: The bank or company that issues the credit card to the consumer.

Merchant: You, the owner of the e-commerce store.

The shopping cart software has configuration settings which integrates with the payment gateway account, and the payment gateway account integrates with the e-commerce merchant account. We will assist you to insure that the shopping cart software, the payment gateway and the merchant account are compatible.

Credit Card Processing Steps

  1. The consumers complete their orders via the merchants’ web shopping cart.
  2. The shopping cart program on the web host computer gathers the order information, and sends it to the payment gateway.
  3. The payment gateway verifies the information it received with the card issuer, including: the credit card number; the cvv2 code; the billing address, zip code and that the funds requested are available.
  4. When everything matches, the charge is approved; the card issuer sends an approval code to the payment gateway. If the card issuer denies the charge they send a “decline” response back to the payment gateway.
  5. The payment gateway now tells the shopping cart program at the web host whether or not the transaction was approved (the shopping cart then tells the customer the results and if approved sends the order on to the merchant for delivery). The payment gateway initiates a daily funds transfer (settlement request) to the e-commerce merchant account for deposit into the merchant's bank account. (Steps 1-5 typically take 1-4 seconds)
  6. The Payment gateway initiates a daily funds transfer request to the e-commerce merchant account the account accumulates the funds for a specified period (typically daily) and makes the scheduled transfers to your regular checking account completing the transaction.

How do Gateway and Merchant Account fees & rates work?

In general, merchant account fee structures look more complicated than they really are and when you understand the component parts that make up the pricing you will be able to easily understand the structure.

There are 3 primary components to the standard (store-front retail) merchant account and (internet) payment gateway fee structure:

  1. One time fees
  2. Recurring monthly fees
  3. Transaction fees

One time fee:

Recurring fixed monthly fees:

Recurring variable monthly fees:

Rates are dependent on the type of business, the type of charge card and how the charge is processed.


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Electronic Merchant Systems

Electronic Merchant Systems