Setting Up Your Merchant Account

In Chapter 6, we discussed the need for a merchant account. A merchant account is required to accept all major credit cards including Visa, Master Card, American Express, and Discover. With Merchant Solutions, you can choose to apply for Paymentech (paymentech.com)Yahoo! Merchant Solutions's preferred provideror any other compatible First Data Merchant Services (FDMS) merchant account (fdms.com). Yahoo! store uses FDMS as a payment gateway to process transactions from your store with your merchant account.

Applying for Paymentech

If you do not have a merchant account and would like to use Paymentech, you may apply online.

To apply online

1.	Go to Pay Methods under Order Settings in the Store Manager.
2.	Once the Payment Method page appears, click on the Apply for Paymentech link.
3.	Complete the online application form as shown in Figure 10.8.

Figure 10.8. Paymentech merchant account online application form.

In order to apply for a Paymentech merchant account, you will need the following information.

• Business contact information

• Federal tax ID number (or Social Security # if not incorporated)

• Thirdparty fulfillment provider contact info (if applicable)

• Current credit card processor contact info (if applicable)

• Business owner and bank reference information

• Funding information (bank routing numbers for your business's checking account)

• Land line based telephone number for business. A cellular telephone number will not be accepted.

• Application status will be sent via email. A valid/active email address is required to process the application.

Once you complete the online application, it will take approximately five working days to process your application. You may also email Paymentech at [e-mail] to check up on your application status.

Using Your Own Merchant Account

If you already have a merchant account or would like to use a merchant account provider other than Paymentech, you will need to request the following information from your merchant account provider.

• Name of merchant bank

• Merchant number

• MID (Merchant identification)

• Terminal identification

The following instructions will show you how to set up your own merchant account with Merchant Solutions.

1.	From Store Manager, click on the Payment Methods link under the Order Settings column.
2.	From the Payment Methods page, click on the Payment Processing and Setup Management link as shown in Figure 10.9. Figure 10.9. You can add your own Merchant Account via the Set up Processing Through FDMS link on the Payment Methods page.
3.	Click on the Setup Existing Merchant Account link.
4.	Fill out the form with the information from your Merchant Account as shown in Figure 10.10, and then click the Setup button.

Figure 10.10. The name of the merchant bank, merchant number, merchant identification, and terminal identification are required to enable your own merchant account with Merchant Solutions.