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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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