- Full-stack payment service with payment gateway and thrid-party processing.
- Good anti-fraud and security features.
- Free tools for internet businesses.
Authorize.Net is considered one of the oldest payment gateways for online businesses and was acquired by Visa in 2010. The all-in-one option is a viable choice as an online card processor with businesses that might have issues with fraudulent transactions. One important point is, unlike other popular payment services, Authorize.Net does have a monthly fee of $25. In this case, this service would not be recommended for small businesses that are just starting out. For the medium and large businesses, they should consider if the added anti-fraud and security is worth the $25 monthly fee. Additionally, there is also a payment gateway only option.
|Credit Card Processing||Details|
|Transaction Cost||Online (regular): 2.9% + $0.30|
American Express: 2.3% (below $75), 2.79% ($75 – $,1000), 3.19% ($1,000+)
|Chargeback/Disputes||$25 (refundable if issuing bank rules in your favor)|
Authorize.Net Payment Gateway Only
As mentioned, Authorize.Net represents one of the oldest payment gateways in the business. This option works best, if a business already has a separate merchant account. In this case, you should compare the fees between your own merchant account + Authorize.Net’s gateway vs. the all in one option. In some instances, the merchants might be able to give you discounts or, at worst, same pricing.