Configure a merchant account

Configure an approved merchant account by selecting the accounting accounts and payment methods used for online payment processing. Open Menu > Sales > Settings > Payments > Payment providers.

Before you begin

The merchant account application must have the Ready to configure status. You also need the accounts used for fees, undeposited funds, and unrecognized transactions.

To configure a merchant account

  1. Open Menu > Sales > Settings > Payments > Payment providers.
  2. Open the merchant account that is ready to configure.
  3. In Merchant account information, review the merchant account name, API token, API key, merchant ID, and settlement account. These values come from the approved application and cannot be edited.

  4. Select the following accounting accounts:

    • Fees account records interchange and processor fees.
    • Undeposited funds account holds payment amounts before settlement.
    • Unrecognized transactions account records transactions that cannot be identified automatically.
  5. In Activate online payment methods, select the payment-card and bank-account methods that the merchant account accepts.
  6. Select Apply.

After configuration, the merchant account can accept its enabled payment methods. To manage the legal consent templates shown during online payments, open Menu > Sales > Settings > Payment consent.

Learn more