Internet Merchant Account

In order to accept credit cards you need a shopping cart like CartGenie, a Payment Gateway like iTransact, and an Internet Merchant Account.  An Internet Merchant Account is a bank account specifically designed for e-commerce transactions.

We've partnered with Payment Alliance International, a leading provider of Internet Merchant Accounts, so our merchants can get their business online quickly.  Winner of the 2011 ISO of the Year Award, Payment Alliance International offers merchants a full suite of payment services, superior support, and industry leading rates.  Payment Alliance is a registered ISO/MSP of HSBC Bank, USA. 

Order your Internet Merchant account from J Street Technology and receive discount pricing.  Contact us to learn more about how to qualify.

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3 Years

How does credit card processing work?

Understanding the backend mechanics of how a shopping cart, payment gateway, and an Internet Merchant Account work together can be a bit confusing. Below you'll find a detailed explanation of how the cart, gateway, and merchant account all work together and why you need all three.  Steps 1 - 6 happen in a matter of seconds while steps 7 and 8 occur daily.

1. Your customer enters their credit card details and clicks submit. The Online Store (i.e. CartGenie) sends the encrypted credit card information to the Payment Gateway (i.e. iTransact).

2. The Payment Gateway submits the transaction to the Credit Card Interchange. All parties involved in the credit card transaction (i.e. processors, acquirers, issuers and so on) manage the processing, clearing, and settlement of the credit card transaction. This is also known as Interchange.

3. The Credit Card Interchange sends the transaction to the customer's credit card issuing bank to see if the customer has enough funds available on the card.

4. The Issuing Bank approves or declines the transaction and sends the transaction response back to the Credit Card Interchange.

5. The Credit Card Interchange sends the approve/decline response back to the Payment Gateway.

6. The Payment Gateway sends the approve/decline response back to the Online Store. If approved the order is accepted by the Online Store.  If declined the Online Store displays the reason for the decline.

7. If the transaction was approved Settlement occurs. Settlement is the process in which funds are transferred (after fulfillment) from the customer's Card Issuing Bank to the merchants Internet Merchant Account (i.e. Payment Alliance). This process happens daily.

8. Your Internet Merchant Account transfers the payment to your normal Merchant Bank Account and you now have the funds. This process happens daily.