Creating a merchant with remittance settings

Merchant     Merchant Profile     Reserves    

1. Are you ready?
   
   In this tutorial we are going to learn how to create a new merchant and configure its remittance settings. Also, we will learn how to send merchant agreement to the creator.
   
   We will use the following parameters:
   

   Name: My Third Merchant
   Code: MP003
   
   Contact Information:
   John Smith
   300 5th Ave
   New York, NY 10001
   john.smith@email.com
   
   Accounts: Multiple
   Tax IDs: Single
   Descriptors: Single
   Deposit Accounts: Single
   Monthly Fees: Per Merchant
   
   Remitter: Remitter Sample
   
   Legal Name: My Company LLC
   Federal Tax ID: 123456789
   
   Holder Name: My Company LLC
   Account Number: 4099999992
   Routing Number: 021000021
   
   Bank Card Reserve:
   Minimum Amount: $500.00
   Rate: 2%
   
   Direct Debit Reserve:
   Minimum Amount: $500.00
   Rate: 5%
   
   Refund Reserve:
   Requested Amount: $1000.00
   
2. Log in to the system using your Username and Password and switch to the Management => Merchant Perspective.
   
   Note: To learn how to log in and select perspectives, use the prerequisite tutorial Logging in and navigating the application.
   
3. Click   Newbutton in the top left section of the screen.
   
4. Choose   Merchant (Extended)  menu item  from the list.
   
5. Locate   Create Merchant Settings  groupbox
6. Locate   Send agreement to Merchan...  checkbox and check it off. Select Creator radio button to send the agreement to the creator.
   
   Note: To learn how to activate the merchant, review How to activate your account tutorial.
   
7. Locate   Configure Remittance  checkboxand check it off to enable remittance settings.
   
8. Locate   Profile  groupbox
9. Click Multiple radio button for Accounts.
   
10. Click Single radio button for Tax IDs.
    
11. Click Single radio button for Descriptors.
    
12. Click Single radio button for Deposit Accounts.
    
13. Locate   Recurring Fees:  label - Per Merchant shoud be greyed out automatically after step 12.
    
14. Locate   General  groupbox
15. Enter MP003 into the Codetextbox
16. Enter My Third Merchant into the Nametextbox
17. Locate   Password  textbox and enter or generate password.
    
    Note: If you entered your own password, you have to confirm it manually using the Confirm password field. If you chose system generated password, it will be confirmed automatically.
    
18. Locate   Contact Information  groupbox
19. Enter John Smith into the Contact Nametextbox
20. Enter 300 5th Ave into the Street 1textbox
21. Enter New York into the Citytextbox
22. Select United States in Countrydropdown
23. Select New York in State/Province/Regiondropdown
24. Enter 10001 into the ZIP Code/Postal Codetextbox
25. Enter john.smith@email.com into the Emailtextbox
26. Locate   Settings  groupbox
27. Select Remitter in Remitterdropdown ; this is a system merchant that has all configurations you need for real-time, batch and tokenization processing.
    
28. Locate   Business Info  groupbox
29. Enter My Company LLC into the Legal Nametextbox
30. Enter 123456789 into the Federal Tax IDtextbox
31. Locate   Configuration  groupbox
32. Locate   [configurations list]  dropdownand select an appropriate processor configuration.
    
33. Locate   Account Group  groupbox
34. Locate   Bank Information  groupbox
35. Enter My Company LLC into the Holder Nametextbox
36. Enter 4099999992 into the Account #textbox
37. Enter 021000021 into the Routing #textbox
38. Locate   Bank Card Reserve  groupbox
39. Locate   Enabled  checkbox to enable bank card reserves.
    
40. Enter 500 into the Min Amounttextbox
41. Enter 2 into the Ratetextbox
42. Locate   Refund Reserve  groupbox to enter refund reserve settings.
    
43. Locate   Enabled  checkbox to activate it.
    
44. Enter 1000 into the Required Amounttextbox
45. Locate   ACH Reserve  groupbox
46. Locate   Enabled  checkbox to enable direct debit reserves.
    
47. Enter 500 into the Min Amounttextbox
48. Enter 5 into the Ratetextbox
49. Click   Savebutton
50. Congratulations, you are done!
    
    You have learned how to create and configure a new merchant. Now, let’s learn how to create a new reseller.
    

Merchant   Merchant perspective   Remittance