First Data is a Merchant Processor, and not a Payment Gateway. They are the ones that process your Visa, MasterCard and Discover transactions.
You required having a merchant account, which ties into your checking account at your bank. Your bank is not a merchant processor, and has nothing to do with accepting credit, for they are merely authorized resellers for either First Data or another competing company.
The initial rates you pay are set by your First Data Representative, when you sign the initial contract application for your account.
First Data is huge in size, and has been in the business for over 30 years. They are the inventors of Telecheck that was very popular during the 80 and 90, and was a partner in the operation of Payment Tech for awhile.
There the leaders in the industry and you can't go wrong using them. I prefer them over PayPal and other all in one solution on the market today.
Compatible Payment Gateways are Authorize.net, and Orbital Salem and Orbital Tampa.
The topic of payment gateways and Merchant Processors can be quite broad in scope, so we have more information for review available below. Please take the time to visit our marketing partners.
We've been making ecommerce and shopping cart components for over 10 years now. Most of our products are used in the infomercial industry for payment processing and shipping.
Our goal is to make ecommerce software that is simple and effective, yet powerful in processing and ease of use.