E-Commerce Payment Processing

Does your business need E-Commerce Payment Processing?

If not, you should seriously consider building a website for your business and monetizing another sales channel.  It’s 2009, and all businesses need to become as multi-channeled as possible in order to survive in today’s marketplace.  It is also a fantastic way to reach potential customers outside of your physical geography.

Before you apply for an e-commerce payment processing account you will want to make sure your website has clearly laid out links on every page that link to your:ecommerce

1. Privacy Policy

2. Terms of Use

3. Refund Policy

4. Shipping Policy

Without these items being clearly displayed, Credit Card Processors will not approve your application.


You may have to find out what shopping cart platforms are approved by the 6 major payment processing providers in Canada.  There are hundreds of shopping cart platforms, however, you will be safe with SSL CERTIFIED shopping cart for most Canadian providers.

In the marketplace: the typical e-commerce merchant account rates vary from as low as 2.95% to as high as 5%+, up to 55 Cents per transaction, up to 10% rolling reserve depending on whether your business is consider ‘high risk’ or ‘low risk’ and you get your funds weekly or bi-weekly.   None of this nonsense happens here.   CanadaPaymentProcessing.com has providers who has unbeatable pricing in the area of E-Commerce/ Website Processing with NO rolling reserves and funds deposited within 1-2 Business Days.

SIDENOTE: If you are taking orders over the phone from your website customers because of more consultive nature of products or extremely large sale amounts, then please refer to the PC & Internet Processing option.  E-Commerce Processing is Fully Automated, connected from Credit Card Processor to your website’s Buy Button.

Merchant account discount rates are almost always higher online then offline due to the fact that there is a greater chance for fraud and charge back scenarios when the credit card is not present for the transaction.

Again, similar to having retail merchant account set-up rates are determined on:

1. Average ticket price

2. Annual sales volume

3. Type of business model

The lower the average ticket and the higher the annual sales then the lower your rates.  However, there can be other variables, for example, how long a product or service is provided to the client or customer after payment is made.  If is longer then a 2 week period the payment processing provider may have stipulations on your accounts.

These stipulations could involve initial up-front deposits, reserve funds for protection against future charge backs, delayed funding beyond the normal 48 hour funding period.  These conditions cannot be determined until an application is submitted and an under-writing team has reviewed your account to determine it’s risk factors.