Connecting a Merchant Account Using Paytrace

To take online payments using the PayTrace Payment Gateway, affiliates must first have a merchant account that uses one of four major credit card processors:

• TSYS
• Global
• First Data
• Chase Paymentech

Affiliates who have a current merchant account

Contact your merchant service provider (MSP):

1. Ask the MSP if your current merchant account will work with the PayTrace Payment Gateway to take online payments.
2. If the answer is yes, ask the MSP to provide K-BID with a VAR sheet that will allow us, as a PayTrace Reseller, to set you up with a PayTrace merchant account that integrates with K-BID's software. If the MSP has any questions, please ask them to contact Becky Farniok: [phone] or  [e-mail] 
3. If the answer is no, and the MSP can’t arrange to change your merchant account, so it will work with PayTrace, please follow the steps for Affiliates who don’t have a merchant account.

Paytrace fees (as of 11/1/2021)

Fees are deducted monthly from the bank account provided by the affiliate.

Setup Fee (1X Fee) = $100

Monthly/API Fee = $20/month

Per Transaction Fee = $.10/transaction

Affiliates who don’t have a merchant account

1. Contact any of the four credit card processors listed above and explain your goal is to get a merchant account that works with the PayTrace Payment Gateway, and that K-BID is a PayTrace reseller, and will take care of setting up your PayTrace merchant account.
2. The MSP will ask you to fill out a merchant account application.
3. After your merchant account is approved, have the MSP send K-BID a VAR sheet so we can set you up with a PayTrace merchant account.

Important:  Affiliates should do their due diligence before deciding which MSP they want to use for their merchant account. Credit card rates and fees vary.