Zytransact General Information

1.  What is Zytransact?
2.  Do I need special software to use Zytransact?
3.  How is Zytransact better than other, similar services?
4.  Do I need a shopping cart to utilize Zytransact?
5.  Can my recurring transactions be charged automatically by your system?
6. What are the total fees for everything involved?
7. How do I get started

EFT and ACH (electronic check processing)

1.  What is the difference between EFT and ACH?
2.  Will I be accepted for electronic check processing?
3.  Does this service work outside of the U.S.?
4.  Do I need a special bank account to accept the EFT payments?
5.  Can my recurring transactions be charged automatically by your system?
6.  Can any business accept EFT payments?

What is Zytransact?

Zytransact is a secure, web-based, gateway to allow you to process EFT transactions through your web site.  If you sell products or services through your web site, you need a means to process EFT transactions.  Transactions must be done in a secure manner, and the transactions should be processed in real-time so you don't have to re-enter the charges manually each time you make a sale.  Zytransact offers this service in a completely online service.

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Do I need special software to use Zytransact?

No.  Zytransact is purely web based.  All you need is a web browser.

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How is Zytransact better from other, similar services?

The following specific items are what make Zytransact superior to other services:

1.  No long-term contract or lease (we are month-to month)
2.  Secure web-based processing system is included (you don't need to purchase a security certificate). Many EFT providers don't provide a means for connecting your web site directly to a secure processing page.
3.  Low monthly fee..

Compare the above items to other services, and you determine who has the better value.

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Do I need a shopping cart to utilize Zytransact?

No.  You can, of course, use a shopping cart if you want.   We even offer a free cart.  If you have an existing cart, we can let you know if it has a module that is compatible with us.  But you can use a simple web form if you want.  Our control panel has a form wizard to help you set up the form.

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Can my recurring transactions be charged automatically by your system?

Yes, you can have transactions processed monthly, weekly or however often you wish.  It is simple to set up and modify such transactions.

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What are the total fees for everything involved?

$100 set up fee

$10 monthly fee to Zytransact
$15 monthly fee to Finet

50 cent fee for each transaction, plus a 1% discount fee off the total transaction amount.

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What is the difference between EFT and ACH?

These terms are used interchangeably. They both refer to the manner in which funds are electronically sent via the Federal government's clearing house system. ACH, Automated Clearing House, refers to the government's system that supports electronic transfers. EFT, Electronic Funds Transfer, refers to the process in which funds are sent through this clearinghouse system. Using either term is appropriate when referring to direct deposits and automatic payments debited from checking and savings accounts.

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Will I be accepted for electronic check processing?

Most businesses are accepted, but we can't guarantee anything.  However, on the small chance that you are declined, we do have an alternative that offers the ability to use the Zytransact service and have the checks mailed to you through regular mail rather than EFT.

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Does this service work outside of the U.S.?

No.  Currently, this system only works through the U.S. Clearinghouse system.

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What are the fees for this service?

In addition to the fees we charge for the Zytransact service, Finet, our EFT provider, charges $15 per month, 50 cents per transaction, and a 1%  discount fee. 

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Do I need a special bank account to accept the EFT payments?

The EFT service works through any U.S. bank.  You do not need to set up a special account to use our service.  However, you do need a business account.  The service will not work through personal accounts.

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Can any business accept EFT payments?

Travel businesses and adult businesses will not be accepted.  Most other business will qualify.

How do I get started

Go to our secure order page