Understand what a gateway does, and options on AuctionNinja.
What is a gateway? Is that different from my processor?
A gateway is like an adapter between AuctionNinja and the processor.
What gateways are available on AuctionNinja and how are they different?
Authorize.net
Sellers can use authorize.net to connect with many different payment processors. If you have a preferred processor, you can ask an authorize.net rep about connecting. Please CLICK HERE to view the associated fees.
Takeaways:
-Many available processors
-Great for new businesses
-The approval process can take 3-7 business days
NMI
The NMI connection is exclusive to our relationship with Chase bank. If you use a banking institution to process payments already, there is a possibility that they will be able to produce a VAR sheet and connect via NMI. This, however, is not common.
Important information about NMI:
-NMI costs $17 per month and $0.10 per transaction. This fee is billed to the seller during the next billing cycle.
-NMI allows for a seamless bidding experience across multiple sellers, as bidder payment profiles are securely shared across gateway users (they only need to register their card once!)