It is important to shop around before selecting a payment gateway for your online business. Payment gateways facilitate the exchange of money for online purchases. They protect the seller by making sure that the consumer’s payment will clear the bank. Authorize.net is one of the more popular payment gateways that is available. The company was established in 1996 and has build a strong reputation of reliability. They have competitive pricing and offer a number or useful features that can be helpful to an online business.
As with most payment gateways, you can expect to pay a number of fees for your services. There is usually a set up fee, a monthly fee, a transaction fee, and more. Authorize.net charges around $150 for set up. Monthly fees and transaction fees vary depending on your plan. Monthly fees can range from $10-$15, while transaction fees are between 5-20 cents. These fees are all within the normal range of what you can expect to pay. Although, it really pays to search for the best deal, there are other factors that should be considered when shopping for a payment gateway.
Authorize.net is compatible with almost all shopping cart programs and is easy to integrate with almost any ecommerce site. It can expand with your business and includes tools that add value to it, like automated recurrent billing, customer information management, eCheck.net, and advanced fraud detection. Plus, you can receive payments in a dependable and timely manner. It usually only takes a few days before the deposit is made into you merchant bank account.
Although there has been some controversy about the technical support services that are provided by Authorize.net, for the most part, web merchants are generally satisfied with the help that they receive. Most of the problems that have been voiced have been in regards to their reseller plans and not the actual payment gateway services. However, help from Authorize.net is available by phone, email, live chat, and online user guides. There is no charge for live support on their 800 number, but it is only available during daytime business hours. Although it is to your best advantage to shop around before selecting a payment gateway, Authorize.net is a viable option that should be considered.