Gateway payment system

Hi, I am new to the forum,
i need to set up an online store where people will be buying electronics items and using Credit Cards to pay. I am planning to have large volume selling in the first month, however gateway payment systems and my merchant account will limit that volume to $30-40k. I am planning to have 4-5 merchant account linked to my website, so the payments will be divided among those 4-5 accounts and i will keep volume low in every account. Did anyone do this before or knows how to do this technically? I would appreciate it if you can share. also if anyone is interested in working with me on this and creating a website please contact me.

thank you

If your merchant account is limiting you to $30-40k (per year I'm assuming) I would go with another merchant service! There are a lot of choices for this!

If your site grows and hits millions of dollars in sales you'll be limited by how ever many merchant accounts you have. What if one of them changes their policies? You're coder has to account for a lot of exceptions for company A vs. company B. If you have to refund payments, or part of payments, or offer additional charges it could get very confusing as to which merchant account to reference.

I would look into PayPal (which does both Merchant Account and Gateway) or Authorize.net and another Merchant Account service which doesn't limit you.

If that is not an option then I would write a merchant account selection based on time. Meaning, if it's 10:45:35 AM go with merchant 5, based on the second of the time. If it's 10:45:36 go with merchant 6. This should spread revenue over the various accounts relatively evenly.

I would strongly suggest avoiding this action entirely though, because it's not a good business model!

We have used Authorize.net for many years and have been well satisfied.

I agree 100%. If you have a lot of sales, you are a good customer and I am not sure why they want to limit the volume.

One thing that I can think of to have more than 1 payment gateway is to have a backup in case the primary gateway goes down for any reason. Typically, it takes a week to get a merchant account setup.

I would still only use 1 - your problem isn't the number but scalability.

Cybersource.com is the big brother to Authorize.net [which they recently bought for low end users].

Cybersource has a 24 hour transfer of funds, accepts a major Credit Cards, debit, and eCheck.

I've used it for over a year, with 4 different stores, volume on one to 60K/month and recently with $6K orders... and not a single problem.