Any e-commerce business that uses a merchant account to sell its products needs a VAR sheet. However, if you’re a new site owner or you’ve been using alternative payment methods so far, you might be unfamiliar with the term.
Chase merchant services, formerly Chase Paymentech, is a very popular e-commerce merchant account provider that supports businesses of all shapes and sizes. JP Morgan Chase is a “blue chip” stock, and longtime merchant account provider; not surprisingly many of the site owners we’ve heard from are happy with them. However, while their service allows for many ways to accept payments, we often get requests from businesses who want to integrate it into the NMI payment gateway.
If you’re new to e-commerce, you might be wondering what payment gateways are, and why they’re so important. A payment gateway is a software service that, among other things, authorizes credit card payments for online businesses. Finding the right payment gateway is not the easiest task, and choosing between them can be confusing. However, the NMI payment gateway is one of the best in the business. After all, the payment gateway is an integral and essential part of any website.
Recurring billing, subscription billing, and automated billing are all different names for roughly the same process.
Recurring billing and card on file, similar but different
An example of a simple recurring billing plan would be a supplement auto-ship program. The way Amazon keeps your card information and shipping addresses on file “just in case you need it” is an example of more open-ended customer data storage.
There’s a host of businesses that make use of recurring billing to streamline their revenue and make it reliable. This includes salons, subscription beauty or health food boxes, and software companies, to name a few.
One of the first things you need to do when starting a ClickFunnels business is deciding on a merchant account. Merchant accounts are essential to succeeding in any endeavor, but they are especially vital in the growing world of e-commerce. Without a merchant account, you can’t process credit card payments. If you are still trying to establish a merchant account, or if you are in need of merchant services for a high risk business, there are plenty of options.