JustAddCommerce

Real Time Processing Features

Features of the Nova and Authorize.Net Processing accounts

Accept Visa/MasterCard (included with approved Merchant Account)
Accept American Express * (set up by American Express)
Accept Discover * (set up by Discover)
Accept Diners Club/Carte Blanche * (set up by Diners Club/Carte Blanche. This service is not available for Authorize.Net Express application accounts)
Process Checks (ACH) * ( this service is only available with an Authorize.Net merchant account and requires a separate additional application)
Web based Virtual Terminal. No hardware needed.
Automatic Batch Close between 11:30 p.m. - 11:45 p.m. MST.
Funds deposited in your checking account within 24-72 hours.
Address Verification (AVS) on all orders to help determine fraud.
If you already have a merchant account with Authorize.Net or Nova, it can easily be added to work with JAC. (If you have an existing Nova merchant account we will charge a monthly $20.00 gateway fee because you will be using our JAC Network gateway and Virtual Terminal for processing).
View Batch History and statements in your online merchant account.

Real Time Processing Terms

What is a Merchant Account?

A merchant account is an account set up by a bank that will allow you to take online credit card transactions. The bank must be compatible with the two gateways JAC supports — Authorize.Net or Nova Corporation. Your merchant account will then collect your funds and deposit them in the your business bank account you indicate on your application form. The funds will appear within 24-72 hours.

What is a Gateway?

A gateway is what connects the secure JAC shopping cart to your secure merchant account. The credit card information is passed through this secure web pathway where the credit card is authorized and funds transferred to your checking account.

What is a Discount Rate?

A discount rate is a fee taken from each transaction that is paid to the credit card and merchant processing company for processing the credit card. The beginning discount rate is 2.40%. This means that if you have a $10.00 sale $.24 will be deducted from your merchant account for that sale. This rate is for Visa and MasterCard only.

What is a Beginning Discount Rate?

A beginning discount rate means that if your order is an AVS Match (address verification), your discount rate is 2.40%. If you only have a partial match, lets say Zip Match, your discount will be slightly higher since the complete credit card billing information did not match with the information entered in the checkout form.

What is a Transaction Fee?

A transaction fee is the amount charged per sales transaction. The transaction fee charged is $.43. If you processed 75 sales in a month the transaction fee taken out of your total processing sales would be $32.25.

What is a Statement Fee?

A statement fee is the fee you pay, $10.00, for the paper billing statement mailed to you each month breaking down your monthly transactions.

What are Monthly Minimum Processing Fees?

The monthly minimum fee is a fee charged by the credit card company if the monthly sales volume does not meet the required flat monthly minimum rate. For Authorize.Net the minimum fee to be met is $25.00 and Nova is $15.00. For example: In one month you sold 30 widgets at $10.00 a piece. Your approximate processing fees (discount rate and transaction fees) would be $20.10. If Nova is your merchant processing account you have met the minimum fee of $15.00 so you would not be charged $15.00 for that month. If AuthorizeNet is your merchant processing account you would be charged the minimum rate, $25.00 because your fees did not exceed the minimum $25.00.

* Please note: American Express, Discover, Diner's Club, and ACH or Electronic Checks are all individual companies with their own fee structures and statements. Their fees are not included in the fees listed above for Nova Corporation or Authorize.Net Merchant Bank accounts. You will be charged by each company for their respective fees. If you have any questions about the JustAddCommerce Real Time Merchant Accounts, please call our sales department at 1-866-343-4206 (M-F, 9:30 a.m. to 6:00 p.m. EST).

Call our Sales Department at 1-866-343-4206 (M-F, 9:30 a.m. - 6:00 p.m. EST) for more information.