Payment Gateway
Payment Gateway
The Fast Charge Payment Gateway is an online (Cloud Based) e-commerce application that authorizes payments between a merchant and the customer. Fast Charge has solutions for online businesses, mobile retailers or traditional brick and mortar locations. It enables merchants to process multiple transaction types including electronic check (ACH, credit card and debit card) transactions in either real time or batch mode. Fast Charge protects credit card details by encrypting sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant and between merchant and payment processor.
Features Works on GUNBROKER.COM and is Second Amendment Friendly
Virtual Online terminal
Credit Card Processing
Recurring Billing
Mobile Payments
Free Payment Forms
Membership Processing
Payer Authentication Verified by Visa
Pay by Phone
Batch Processing
Retail POS
Card Present Processing
PIN based Debit Card Processing
Mobile Processing
ACH Check Service
ACH Processing
Check Conversion
Shopping Carts
Woocommerce, osCommerce, Magento, & Volution
Web Link, Web Cart
Web Payment Forms
5200 Compatible Shopping Carts
Free Online Demos
Support
Customer Support
User Manuals
FAQs
Certified Networks
Free Fraud Prevention
Reseller Program
Multiple User Accounts
Fast Charge allows for FREE Multiple User Accounts. It enables each employee who needs access to your organization’s payment gateway account to have a unique login ID and password to the Online Merchant Center Interface-basically, their own individual user account. Each user’s account can also be configured to include permissions to specific Merchant Interface features and functionality that match the employee’s job responsibilities.
Benefits of Adding Additional Users:
Restrict Certain Access to Only the Administrator
Track Sales for Different Users
Allow Sales Reps to Process Only Their Own Transactions
Use One User Account for Retail Sales and Another for E-Commerce Give Accountant Access
Using a Sub Account ID
Using a Payment Gateway Sub Account is like using an additional user however using a Sub Account gives you more options. Setting up a Sub Account can be done with one merchant account or several. One of the main reasons for using a Sub Account in Fast Charge is to have one account for e-commerce sales and another one for a retail store system. By using Sub Accounts, you will only have to manage one payment gateway account and get the lower rates from the retail merchant account.
Another reason for using a Sub Account is to employ different Fraud Screening options. For example, you may sell a very high-risk item and need all the possible Fraud Prevention features enabled but don’t want to harm your other sales. You can have your normal sales under one Sub ID and the high-risk products under another.
Using a Sub ID gives you all the options of having a separate payment gateway account but without the costs.
Process Checks Online
Online Check Processing
check2 The Fast Charge Payment Gateway automatically includes a FREE online check processing option with each gateway license. The online check processing form will be added to the credit card form in the online virtual terminal. There are no set up or monthly fees for this additional service however the automatic approval does have some limits as follows:
Transaction Fees Usually Less Then Merchant Account Fees
Recurring Billing Included Free – Same as Credit Cards
Only Applies to U.S. Checking Accounts
Free Set Up Applies with The Credit Card Processing Option
Contact Your Sales Rep for A Checks Only Option
The Automated Clearinghouse (ACH) is an electronic payment delivery system. First introduced in the early 1970s as a more efficient alternative to checks, ACH has evolved into a nationwide mechanism that processes electronically originated credit and debit transfers for institutions nationwide. ACH is a rapidly growing alternative to paper checks and handles billions of payments annually. In fact, online checks will rise in value from $300 million in 2003 to $50.2 billion this year and will be worth $190.9 billion by 2015.
When businesses overlook ACH Paperless Checks, they lose the opportunity to nearly double their Internet sales. By offering paperless check processing, businesses contribute to their bottom line by expanding their potential customer base. Many customers either do not have credit cards or they prefer to pay with checks. Now, businesses can easily accept checks online with Fast Charge. This service allows customers to securely purchase products and services using their existing checking or savings account while allowing businesses to expand their online payment options beyond credit cards.
Fast Charge is a pioneer in the transaction processing arena, and we continue to consistently provide our customers with leading edge products, ensuring every competitive advantage.
Online Check Features:
Comprehensive Online Paperless Check Processing – saves businesses the expense and difficulty of implementing a turnkey payment processing solution. Fast Charge provides all the service and functionality a business needs to start accepting checks online.
Low Cost, Low Implementation – paperless check processing does not require an Internet merchant account; therefore, businesses enjoy lower processing and transaction fees.
Fast Charge – provides enterprise back-office services featuring robust reporting and utility options. Fast Charge provides businesses the tools they need to effectively manage their online business. Industrial-strength security screening – ensures customers 100% online purchasing security over secure socket layer (SSL).
Fraud and Risk Management (Frisk„¢) – customizable fraud and risk management system that allows businesses to employ an optimal level of protection for their business. The result is maximized sales and minimized risk.
Dedicated Support – provides advanced and reliable client support. Fast Charge gives businesses the personal attention and responsiveness they need to succeed online.
Why Accept Checks?
68% of all business payments are by check
23% of households do not have a credit card
45% of all credit card holders are within 5% of their credit limit
83% of all consumer bills are paid by check
50% of all non-cash payments are by check
10 Million households without credit cards are online
74.6 Million Internet check transactions in 2008
633 Million Internet check transactions in 2008
Over 16 billion Internet check transactions in 2013(The statistics quoted above were gathered from NACHA and the U.S. Federal Reserve)
Load Balancing Payment Gateway
Credit Card Transaction Load Balancing
Load balancing payment gateway processing between more than one merchant account can be an effective tool for monitoring transactions, tracking sales volume, mitigating risk and reducing chargebacks. Merchants that have high transaction numbers, high sales volume, multiple product lines, multiple sales URLs, or have merchant account processing limits can benefit from load balancing between their merchant accounts. Our Payment Gateway offers Load Balancing between as many merchant accounts as you desire under one payment gateway account.
Transaction Load Balancing for credit cards, debit cards and E-checks allows you to divide your transaction volume across multiple merchant accounts. Using Fast Charge SubIDs under a single Account ID transaction will be distributed evenly across the selected SubIDs. You may direct transactions to all SubIDs, or a subset of SubIDs that you select.
Benefits of Load Balancing Payment Gateway
- Spread Transactions Over Several Merchant Accounts
- Mitigate Risk and Reduce Chargebacks
- Use Only One Payment Gateway Login to Monitor All Merchant Accounts
- Single Integration for all Payment Methods
Example of How Load Balancing Works:
Merchant Account “A” – 25%
Merchant Account “B” – 25%
Merchant Account “C” – 25%
Merchant Account “D” – 25%
This will spread your transactions evenly over four different merchant accounts with four different processing Banks.
What we also see merchants do quite often is to process on the Merchant Account they have the lowest rates on until they reach their limits then they switch over to Merchant Account “B” and so on. Whatever way you decide to use is no problem and with Fast Charge you only must manage and pay for “One” payment gateway account.
Credit card load balancing with the Fast Charge Payment Gateway is very simple to set up and is one of the options under “Available Services” in your Fast Charge account. If you have any questions, please contact us with any questions.
Batch Processing
Batch Credit Card Processing
Fast Charge FREE batch credit card processing capabilities gives you the option of processing credit card transactions via secure FTP by uploading a batch text file formatted to meet our batch processing specifications.
The batch processing file is an ANSI-format text file with one transaction per line and a single TAB (ANSI 9) character separating each field.
Batch Processing Features:
High Speed Processing: Process from 1 to 1,000,000 transactions per batch file at 10 transactions per second. There are no limits on the number of files you can upload so you can upload multiple batches!
Real-Time Reporting: Your credit card and check transactions are processed immediately, giving you real-time notification in your online merchant center. You can monitor and view all approved or declined transactions in real-time. You can also have the batch receipt file sent to you via secure FTP or emailed.
Receipts Via Email: With Fast Charge batch credit card processing you can still have receipts emailed to your customers notifying them of the charge on their credit card or when their card is declined. Your declined email can ask them to call your customer service toll free number and your customer service can obtain a new card to process their declined order. You can also process a blank email address for customers who don’t provide email addresses.
Process One Time or Recurring Transactions: With batch credit card and check processing you can load an existing recurring customer database all in one file and Fast Charge will automatically charge your customers on any date you specify. You can charge one time, daily, weekly, bi-weekly, monthly, quarterly, semi-annually, annually or any time frame you choose. This feature is good for subscriptions, monthly rental payments, web hosting, donations or any others. You can even automate the recurring payments and Fast Charge will automatically reprocess the transactions for you and you can manage your customers in the Fast Charge recurring manager.
Process Pre-Authorizations: Some larger merchants need the ability to process pre-authorizations to verify the customer’s credit card is valid for their service or subscription. With the Fast Charge batch processing feature you can process a batch of pre-authorizations and weed out the declines and then re-process the approved pre-authorized cards as post-authorizations. This can save large merchants thousands because some Banks charge for declined cards.
Receipt File Encryption: To ensure that your customer data is safe you can request that the batch file receipt be encrypted using a PGP (Pretty Good Privacy) Encryption Key, a registered trademark by Network Associates, Inc. This can be done by processing the result receipt in an encrypted file. If you don’t have the KEY to the encrypted file, then you can’t open it. For more information about PGP please visit www.PGP.com!Process Credits: With batch processing you can also process a large batch of credits or refunds. Many direct marketers find this feature saves them thousands of dollars in order processing because they can automate the process instead of having several people process the refunds manually. Credits and Refunds are processed the same way as a charge except one field must be changed to indicate a credit and not a sale.
Return Batch Result File: Once your transactions are processed a return result file is processed for you to download into your order manager program to process your orders.
Easy to Enable: Just contact Fast Charge Support at 800-459-0625 and ask for an FTP account to process batch files. After we verify your account owner information we’ll create an account for you. NOTE: The batch processing account is free and there are no additional fees!
Online Merchant Center™ Integration: Batch transactions are processed using the same secure payment engine as your web transactions. All the Online Merchant Center™, FRISK™ Fraud Protection and reporting features are available.
Customer Service: Our team of dedicated support professionals are available to answer any questions you have about your transaction processing needs.
