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What does it cost to use 123Signup's Event Manager? What do I need to use my merchant account? Is there a fee for setting up my merchant account? Are there disadvantages to using my merchant account? Are there advantages of using 123Signup's merchant account? Does 123Signup support PayPal? |
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What does it cost to use 123Signup's Event Manager? Visit the pricing overview page for details.
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What do I need to use my merchant account? If you already have a merchant account, ask your bank to create a new terminal and configure it for "Card Not Present" transactions. Give us the merchant ID / terminal ID information, and we will configure our service to transfer funds directly into your merchant account.
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Is there a fee for setting up my merchant account? No. You can also start with 123Signup's merchant account, and switch to your merchant account at any time at no additional cost.
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Are there disadvantages to using my merchant account? When credit card transactions are processed online, they are authorized in real time. However, funds are transferred to your bank in one or more daily batches on a daily basis. The batch cut off time varies and is rarely never exactly at mid-night. The funds appear in your bank account in two to three days. You need to allow for this lag time when reconciling bank statements with 123Signup statements.
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Are there advantages to using 123Signup's merchant account? Yes. Firstly, you don't have to set up a merchant account. Secondly, 123Signup provides fully reconciled statements each month, thereby simplifying your month-end reconciliation process. You don't have to deal with bank delays and batch closing times.
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Does 123Signup support PayPal? 123Signup will be supporting PayPal in the near future. With this addition, organizations will have one more option for collecting funds for events and membership transactions online. To learn more about PayPal visit www.paypal.com
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