Canadian ModernAuthorize Overview
What is ModernAuthorize?
ModernAuthorize is a combination merchant account and credit card processing service that we are providing in conjunction with PsiGate.com. These accounts were negotiated on behalf of our Modernbill customers to represent absolutely the best offering available for Canadian companies in the webhosting market. It features the low rates, reasonable monthly fees, and no annual or setup fees if you are convering from another payment gateway.
Can't I get a product like this at my local bank?
Many banks now offer merchant processing services. However, most specifically require a physical card and card reading equipment. Our accounts are designed specifically to cater to online merchants, particularly our webhosting customers.
What is the difference between this product and ones like 2checkout, Paysystems and Paypal?
We will refer to these types of accounts occassionally as "third-party accounts." This is because the account they are offering is essentially a shared account from a third-party provider. They have many drawbacks, both financial and practical. Please refer to the following "Top Ten" list of benefits of using a standard merchant account.
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