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  • Setting Up A Merchant Account

Setting Up A Merchant Account

  • Posted by Matt Burnell
  • Categories Blog
  • Date December 29, 2010
  • Comments 0 comment

ClickBid is a unique online tool in that you spend most of your time gearing up for the big event, have a flurry of activity during your event and then slow back down after the event. Getting a merchant account that works the same way can be tricky. Here’s what we’ve learned about getting online payments:

1. It is critical to find a merchant that can waive monthly minimum fees. Your major activity will occur most likely within a week rather than over months at a time.

2. Try to avoid contracts. 12 months is a long period to maintain an account (and therefore incurring monthly fees) for your single event.

3. Use your non-profit status to get better rates. Usually a phone call and some proof of a good standing 501(c)(3) does the trick. Look for rates to be in the low 2% range.

So this can turn you off to many popular payment gateways but never fear. PayPal is a quick and easy way to manage your payments. You will need to setup a virtual terminal so you can transact payments without requiring your guests to log into a PayPal account or enter data manually. We’ve also partnered with other providers to help reduce or even waive setup fees and reduce or even eliminate contracts. Give us a call or email to learn more.

Let’s face it, online payments are the next big (or should we say bid) thing so it’s a good idea to jump on board now.

Tag:authorize.net, automated, merchant, payleap, payments, paypal, transactions

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Matt Burnell

Matt Burnell started ClickBid in 2002 as a personal project for a statewide hospice organization. Over the next few years, it would grow to allow charities from around the world to run their events with a cost effective and smart platform.

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Web 2.0 For Your Event
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