ITSN Support
Welcome To ITSportsNet Saturday, November 22, 2014  
 
 
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 Why is this change better for ITSportsNet Customers?

- lower rate of 2.75%

- improved reporting

- credit card refund processing

- faster deposits (48 hours)

- additional security and fraud protection measures

 

What's required?

- complete an application form

- provide proof of non-profit status (or Social Insurance Numbers for 2 officers)

- copy of latest Balance Sheet and Income Statement

- URL/screenshot of your refund and privacy policies on your web site.  If you don't have these you'll need to put one up.  We'll gather these in the next step of the process with the Elavon worksheet.

 

Are there any new fees? (See FAQs)

There are two new fees which are automatically withdrawn once transactions are processed:

- $150 initial setup fee (first year only)

- $100 annual fee (deducted at the end of the first year)


We've gone through great measures to get a good deal on these merchant accounts through Elavon, which are far superior to the Beanstream account you currently have.  As more and more people use the internet for registrations, it'll become more critical to have a flexible and robust payment gateway to safely process transactions.  We believe this transition is necessary to improve services for our customers.

Why do you need my financials?

Visa and MasterCard require these to determine if the organization and/or officers of the organization are financially sound.  Financial stability is the most critical component of the approval process.

Does my organization have to switch to Elavon?

It's not mandatory to switch to Elavon, but there will be limitations with Beanstream.  Due to the recent and unexpected limitations on our total Mastercard processing each month, we're encouraging customers to get their own merchant accounts through Elavon.  Should you choose to remain with Beanstream, Mastercard processing may be disabled at any time during the month to prevent us from exceeding our limit.  There may also be a rate increase with Beanstream due to our increased costs.

We've gone through great measures to get a deal on these merchant accounts through Elavon, which are far superior to the Beanstream account you currently have.  As more and more people use the internet for registrations, it'll become more critical to have a flexible and robust payment gateway to safely process transactions.  We believe this transition is necessary to improve services for our customers.



Created by: ITSportsNet -- Last updated:Jun 05, 2008
 
 

 
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