Merchant Accounts

Bitwise Logic, Inc. and e-onlinedata are proud to offer you the highest quality Credit Card Processing and Payment solutions. We specialize in Merchant Accounts for Internet, Mail Order/Phone Order, Retail and Auction businesses.

We feature instant establishment of your Merchant ID Number - as soon as you submit the Online Application for your merchant account, we issue your live Visa/MasterCard Merchant ID and The Search is Over for quality credit card processing!

With a merchant account from Bitwise Logic and e-onlinedata you can:

• Accept ALL MAJOR Credit Cards on your Web site, Retail or eBay Store
• Funds deposited directly into your Personal or Business Checking Account
• Enjoy GROSS DAILY SETTLEMENT of your Visa/MasterCard sales*
• Internet accounts INCLUDE real time Payment Gateway & Virtual Terminal
• Apply for American Express & Discover right on the Application

It is guaranteed that rates will not increase unless Visa/MC increases Interchange*.

• NO Application Fees
• NO Annual Fees
• NO Address Verification (AVS) Fees
• NO Leasing
• NO Cancellation Fees
• NO Batch Header Fees
• 2.29% VISA/MasterCard Qualified Discount Rate
• $0.30 per Transaction
• $10.00 Monthly Statement Fee
• $25.00 Monthly Processing Minimum*
• Toll Free 24/7 Customer Support with FREE TECH SUPPORT

Apply for a merchant account now.

*GROSS DAILY SETTLEMENT of Visa/MasterCard sales is enjoyed by most e-onlinedata merchants. This means 100% of your V/MC sales are deposited directly into your checking account each business day, making reconciliation of your checking account much easier. Only at the end of each month are your processing and monthly fees debited. NOTE: Some high risk merchants may receive NET DAILY SETTLEMENT (where processing fees are debited before deposit).

*Visa/MC INTERCHANGE is the fee associated with exchange of transaction data between Acquiring and Issuing institutions in accordance with the Visa and MasterCard bylaws and rules. Interchange is the processing fee charged by Visa and MasterCard to charge the cardholders and pay the merchants. The interchange fee is actually paid to the bank that issued the card while the merchant's bank is charged the interchange fee. Merchant transactions are gathered for processing every night, these transactions are routed to the cardholders to be charged, and merchants are credited accordingly.

*Monthly Processing Minimum: There is a $25.00 Monthly Processing Minimum on every merchant account. This is the minimum amount you must pay each month for your Visa/MasterCard processing. The monthly minimum does not apply to monthly fees or transaction fees.

Example: If your rate is 2.29% and you sell $1200 in goods or services during one month, your total Visa/MasterCard processing fees would be $27.48 ($1200 x 2.29% = $27.48). This amount is greater than the $25.00 monthly processing minimum, so you do not have a minimum during this month.

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