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where does the money go? do i need to set up anything with my bank? paypal?

Question
Updated 6 years ago

i have what may be a simple question. i'm a first time merchant interested in taking credit card payments, and i would like to use CCT/Authorize.net to do so. where does the money go and how can i access it? i see you must provide Authorize.net with banking information for *billing*. Do i need a small business account at my bank or will any valid account number and routing work? Can i have the money deposited into my PayPal account?

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feeling like this is obvious.

Posted 6 years ago

6 years ago

Derek Del Conte, Official Rep

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Official Response

Hi, Nicolas.

The money is deposited into the bank account of your choice; you don't need to set up anything special with your bank.

When you apply for your merchant account, you'll include your account number and bank routing information.

If you're setting up your merchant account as a sole proprietorship, you can use your personal bank account.

The merchant account that we offer through our site cannot deposit funds to PayPal.

Let me know if you have any additional questions. Thanks!

--derek