Merchant Account

Your Merchant Account

When searching on the internet, you will see just about every merchant account provider, ISO, processor, etc promise to deliver the lowest rates available.  There are however, very few that offer a low rate with a product that is superior and customer support that is excellent. We do!

We are serious about savings and helping you to stream line your business. If you are currently processing credit cards with another company, we will look over your current statement and deliver an Return On Investment (ROI) that will save you money, guaranteed. Also, since we bundle our proprietary gateway with a merchant account, we provide you with both: additional savings on your monthly fees AND one simple source for customer support. Cut the cost and simplify your life today.

 

Setting up your Merchant Account

The first step in opening a merchant account with us is to let us know how you will be processing credit cards. We tailor merchant accounts to their specific needs because there are different types of merchant accounts. Some examples are the merchant accounts that optimized for swiped transactions through your iPhone or even computer.  Another example would be for keyed-in transactions through your cell phone Another possibility is an e-commerce transactions used your website (need a website or webstore? click here). There are many possibilities including custom software, or a combination of each.  You will receive a consultation with us to make sure that we set you up with the proper account for your merchant needs.

Once we have determined what type of merchant account you will need, we will then send you an application. Our merchant accounts are always setup with the best pricing options. If you already have a merchant account, we will run a Free Rate Analysis in order to compare our pricing with your current processor and deliver a cost savings.

In the final step, you will receive an auto-notification when your account has been approved. (the approval time can take 2-3 days.)  Then you will simply create a login name and password that is for your merchant account and start processing credit cards immediately.

 

Merchant account explained

A merchant account is a type of bank account that allows businesses to accept payments in a form credit cards or debit cards. In order to process credit cards, a business must open a merchant account. The cost for having a merchant account includes monthly fees, and processing fees per transaction. However, being able to accept credit cards and debit cards will increase sales for your business overall. The business will also reduce cost since it will no longer have check recovery fees.

1. How it works

When you start up with a merchant account, a terminal is needed to complete transactions. With the Trinity Merchant System, you will receive a virtual terminal that you will have access from any computer that has internet access. You are able to key in the important information right into the terminal to process credit cards through your web browser. When the day is done, your virtual terminal will send all the approved transactions to your merchant account. Then your merchant account will capture all the funds from each credit card and automatically deposit the funds into your checking account.

2. How do I get paid

It is easy to get paid for accepting credit cards through your Virtual Terminal, Cell Phone, or Website. When the card is processed through one of these gateways, it is then sent to your merchant account. The merchant account collects the money through the approved credit and debit card transactions. It will then place the fund directly into your business checking account. This process usually takes about two business days.

3. How you are billed

You will get a monthly billing statement to your address that details your billing. Your merchant account will calculate your processing fees (fees of the transactions), and your monthly fees (the flat rates that were disclosed to you) at the end of the month. This total processing charge for the month will then be deducted from your business checking account at the beginning of the following month.

PCI Security Compliance and Secure Processing

A Level 1 PCI Compliant Service Provider that services thousands of businesses in every state in the United States. Our commitment to security is of the highest level. We use the highest level of encryption and the latest security tools to ensure that our merchants and customers feel secure. We would like to highlight some of the key features of our security that we have in place.

What are Secure Socket Layers

All communications and processing occurs through Secure Socket Layers (SSL 128bit). Any toolkits linked for usage with the payment gateway are also tested to make sure that security is setup properly. With the proper security layers setup between toolkits and the gateway, we ensure that no information can be stolen and all information is securely transacted.

What is CISP/PCI

What is CISP/PCI The Visa U.S.A. Cardholder Information Security Program (CISP) defines a standard of due care and enforcement for protecting sensitive information. Because the payment industry places a high priority on maintaining the confidentiality and integrity of account and personal data, the CISP requirements are directed to all entities that store, process, or transmit cardholder information. The program ensures the annual validation of merchants and all service providers on both the Issuing and Acquiring side of the business.

How CISP/PCI Works

CISP/PCI currently applies to any entity (meaning Merchant or Service Provider) that stores, processes or transmits cardholder information. All eligible Merchants and Service Providers-regardless of size – or in the case of service providers – whether they support Issuing or Acquring activity-must comply with the 12 basic CISP/PCI requirements. Compliance actions, however, are scaled to a level of risk that is based on the number of accounts stored or processed.

How to Avoid PCI Audits

This patent pending technology will take your Payment Application out of the scope of PCI. This means, no PCI audits, penetration tests, and lower IT overhead.

What is AVS?

AVS stands for Address Verification System. This system matches the cardholder’s billing address and/or zip code to what is supplied by the user. This helps ensure the customer is the rightful owner of the card for keyed in transactions.

What is a CVV Code? (aka CVS/CID/CVV2/CVC2)

The CVV Code is the 3 digit number that is found on the back of a card. For American Express cards, this is the 4 digit number on the front of the credit card. The CVV Code is also referred to as: CVS/CID/CVV2/CVC2 and is commonly known as the “Card Verification System”. The Card Verification System verifies that the CVV Code that is entered with the transaction, matches the 3 digit code on file with the card-issuing bank. It is a useful tool for preventing fraudulent transactions. It is often used for transactions where a card is not present.