3 ms·

He doesn't mention a merchant service provider. Does this mean he deals only with the bank?

• deleted 18y ago
  [deleted]
• tptacek 18y ago
  Aren't they getting that from Authorize.net?
  • aston 18y ago
    Authorize.net, basically just an API front for the real money handling, is only available through 3rd-party resellers. My best guess is that 37s's bank is one of those and is also providing the merchant account. I know that you can just grab a merchant account and then find a reseller for Authorize separately, but it just seems easier to take the package deal from someone, and banks are safer than some random Authorize reseller on the web, IMO.
  • debt 18y ago
    No. There's a misconception that money is immediately deposited into your merchant account once a transaction is authorized and captured. In fact, there's a middle man called the merchant service provider which holds your funds and deposits them to your merchant account. They are contracted out by your bank. A transaction is sent through Authorize.net to the msp then through to the customer's bank.
• ja2ke 18y ago
  Didn't they mention Chase?