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Accept credit cards in your online store Need a merchant account? We can help!
Our partnerships with Authorize.net and e-online data provide unbeatable merchant account rates.
— Modular Merchant clients are eligible for the low discount rate of just 2.09%!
Start accepting credit cards today!
Compare the merchant account rates that e-online data provides to Modular Merchant clients against the industry standards.
Merchant Service
Industry Standard
Modular Merchant
Internet / Mail / Phone Order Discount Rate
2.95%
2.09%
Internet / Mail / Phone Order Transaction Fee
35¢ per transaction
25¢ per transaction
Application Fee
$100 - $200
FREE
AVS Address Verification Fees
5¢ per transaction
FREE
24/7 Customer Support
$19.95 per month
FREE
Gateway Transaction Fee
5¢ - 10¢ per transaction
FREE for first 250
transactions per
month, then 5¢ each
Credit Card Processing for Thousands of Successful Merchants
• Accept ALL MAJOR Credit Cards on your Web site, Retail or eBay Store
• Funds deposited directly into your Personal or Business Checking Account
• Enjoy GROSS DAILY SETTLEMENT of your Visa/MasterCard sales*
• Internet accounts INCLUDE real time Payment Gateway & Virtual Terminal
• Apply for American Express & Discover right on the Application
Guaranteed rates will NOT increase unless Visa/MC increases Interchange*
• NO Application Fees
• NO Annual Fees
• NO Address Verification (AVS) Fees
• NO Leasing
• NO Cancellation Fees
• NO Batch Header Fees
• Lock in a 2.09% VISA/MasterCard Qualified Discount Rate before May 31st!
• $0.25 per Transaction
• $10.00 Monthly Statement Fee
• $25.00 Monthly Processing Minimum*
• Toll Free 24/7 Customer Support with FREE TECH SUPPORT
*Monthly Processing Minimum: There is a $25.00 Monthly Processing Minimum on every merchant account. This is the minimum amount you must pay each month for your Visa/MasterCard processing. The monthly minimum does not apply to monthly fees or transaction fees.
example of monthly minimum
Example: If your rate is 2.09% and you sell $1,200.00 in goods or services during one month, your total Visa/MasterCard credit card processing fees would be $25.08 ($1,200.00 x 2.09% = $25.08). This amount is greater than the $25.00 monthly processing minimum, so you do not have a minimum during this month.
*GROSS DAILY SETTLEMENT of Visa/MasterCard sales is enjoyed by most e-online data merchants. This means 100% of your V/MC sales are deposited directly into your checking account each business day, making reconciliation of your checking account much easier. Only at the end of each month are your processing and monthly fees debited. NOTE: Some high risk merchants may receive NET DAILY SETTLEMENT (where processing fees are debited before deposit).
*Visa/MC INTERCHANGE is the fee associated with exchange of transaction data between Acquiring and Issuing institutions in accordance with the Visa and MasterCard bylaws and rules. Interchange is the processing fee charged by Visa and MasterCard to charge the cardholders and pay the merchants. The interchange fee is actually paid to the bank that issued the card while the merchant's bank is charged the interchange fee. Merchant transactions are gathered for processing every night, these transactions are routed to the cardholders to be charged, and merchants are credited accordingly.
Merchant Account & Credit Card Processing Gateway Merchant Account - A merchant account is an account, supplied by a financial institution, that allows a business to accept credit card transactions. The Merchant Account is applied for by a business, or merchant. A Merchant Account allows the merchant to process "card present" credit card transactions, using either an electronic or physical "card swipe" terminal. Once a merchant account has been established, the bank agrees to pay the merchant for all valid credit card purchases in exchange for the right to collect the debt owed by the consumer.
Gateway - Credit Card transactions placed over the Internet are "card not present" transactions. (The merchant never has the customer's credit card in their possession during the ordering process.) In order to process "card not present" transactions, the merchant also needs a "Payment Gateway" account. The Payment Gateway account is essentially the Internet version of the merchant's electronic or physical "card swipe" terminal. The Payment Gateway account. It is in ecommerce to allow communication between the merchant's website and the bank's computer networks, acting as an interface between the two; i.e., a Payment Gateway.
Application Fee
The Application Fee is the cost to review a potential merchant's application and determine if they qualify for a merchant account. Modular Merchant only charges this fee if an applicant is approved.
Setup Fee
This is the one-time fee charged to set up a new Merchant's account. This fee varies greatly from one Merhcant Account provider to the next. Modular Merchant keeps our setup fees as close to our cost as possible.
Internet / Mail / Phone Order Discount Rate
The Discount Rate is a percentage rate charged by the bank for processing a merchant's credit card transaction. This rate is usually determined by the type of business and/or how the credit card is processed. Retail based transactions (card present) will always have a lower discount rate than mail, phone, or Internet transactions (card not present).
When shopping for an online Merchant Account for your website, be sure to compare the Discount Rate for Internet and/or card not present transactions. That is the rate you will be charged when doing business through your online store.
Internet / Mail / Phone Order Transaction Fee
This is a flat fee charged by the bank for processing a merchant's credit card transaction. This rate is usually determined by the type of business and/or how the credit card is processed. Retail based transactions (card present) will sometimes have a lower discount rate than mail, phone, or Internet transactions (card not present).
When shopping for an online Merchant Account for your website, be sure to compare the Transaction Fee for Internet and/or card not present transactions. That is the fee you will be charged when doing business through your online store.
Gateway Transaction Fee
This is the per-transaction fee charged by the provider of the Payment Gateway account. (A Payment Gateway account is required for processing credit card transactions over the Internet. It validates the customer's credit card. It is the Internet equivalent of a physical "card-swipe" terminal.)
Modular Merchant offers no Gateway Fee on the first 250 transactions per month.
AVS Address Verification Fees
In 1996, VISA/MasterCard headquarters introduced a new regulation requiring all businesses who manually key in the majority of their credit card transactions to have a special fraud prevention feature on their credit card processing equipment. This feature is referred to as an address verification system, or AVS, (it checks to see that the billing address given by the customer matches the credit card).
Enabling AVS in your merchant account is optional, but if you opt not to use AVS, VISA and MasterCard may not support your transactions and may charge you an additional 1.25% on those sales. Some merchant account providers also charge a per-transaction fee to perform the address verification during the purchase process.
eCheck Processing Available
An eCheck is a form of payment that deducts funds directly from a customer's checking account. eCheck services are usually managed by third party companies that interface with a number of different banks. An eCheck provides a more fraud resistant option in terms of ecommerce transactions.
Instant Activation
Unlike other Merchant Account service providers that require written applications to be mailed or faxed to them in order to begin the application process, we offer a secure online application that can help get you started in less than ten minutes.
The secure online application helps minimize the time it takes to setup and activate new accounts. Once the online application is submitted and approved, account activation is instant.
Secure Online Service Application
Unlike other Merchant Account service providers that require written applications to be mailed or faxed to them in order to begin the application process, we offer a secure online application that can help get you started in less than ten minutes.
The secure online application helps minimize the time it takes to setup and activate new accounts. Once the online application is submitted and approved, account activation is instant.
Monthly Minimum
Monthly Processing Minimum: There is a $25.00 Monthly Processing Minimum on every merchant account. This is the minimum amount you must pay each month for your Visa/MasterCard processing. The monthly minimum does not apply to monthly fees or transaction fees.
Example: If your rate is 2.29% and you sell $1200 in goods or services during one month, your total Visa/MasterCard credit card processing fees would be $27.48 ($1200 x 2.29% = $27.48). This amount is greater than the $25.00 monthly processing minimum, so you do not have a minimum during this month.
Merchant Account Agreement Contract Term
This is the length of the contract singed with merchant account provider. Modular Merchant does not require a fixed term contract. Our Merchants are allowed to operate their merchant accounts on a month-by-month basis and terminate their account at any time, with no penalties.
Merchant Account Agreement Early Cancellation Fee
Our Merchants are allowed to operate their merchant accounts on a month-by-month basis and terminate their account at any time, with no penalties.
