What is an Internet Payment Gateway?
An Internet Payment Gateway is used to securely authorizes and process credit cards for e-commerce and brick and motor businesses. An Internet Payment Gateway can be integrated into a websites to process payments once your online customer has completed their shopping cart and are ready to check out and pay. The payment gateway securely encrypts the credit card data and returns a response of either accepted or declined.
An online payment gateway also provides authorizations for credit cards, batching out (batching out is the process of sending your businesses daily transactions to the merchant processor for payment), and reporting of all your daily transactions.
T1 Payments utilizes NMI a fully PCI Compliant payment gateway. NMI provides a full suite of revolutionary data security and fraud detection services to ensure your business is protected from hackers and thieves. Your business can also enjoy utilizing NMI’s payment gateway without a website as a stand alone payment gateway and accept credit cards online.
Do I need a merchant account and valid ID?
Per the rules of the Patriot Act that went into effect in 2011, it is mandatory for all persons opening a merchant account to show either a valid U.S. Driver’s License or Valid Passport. Furthermore, we must comply with AML (Anti Money Laundering) and KYC (know your customers.).
Do I need to have a US based business?
No, you do not need to be a US based business. We accept merchants from all around the world as long as their country is not listed on the OFAC list as a country we are forbidden to do business with.
How long does it take to start processing credit cards?
We can have an approval for you in 24-48 business hours.
Do I have to set up a bank account in the US?
No, you do not have to have a US bank account.