If you have an E-Commerce business operating with a merchant account then you need to have a VAR sheet, or multiple VAR sheets. It’s the communication between a gateway and the merchant account provider.
Any business with a merchant account that’s being used with a gateway or third-party software, needs a VAR sheet. Var-sheets are also known as parameter sheets and tear sheets.
So, what is a VAR sheet and why is it important for your e-commerce business? A good payment processing company should be helping you streamline the online sales process for your e-commerce business. At Maverick Bankcard, our experts can help you comprehensively integrate your VAR sheet with a payment gateway. This ensures quality and reliable communication between your payment gateway and your merchant account.
What Are Var-Sheets?
The acronym VAR stands for “Value Added Reseller”. Var-sheets are documents which contain essential payment processing information. This includes:
- Bank account information
- Merchant Identification Number (MID)
- Processor information
- Industry code or MCC
- Business details
Var-sheets enable communication between the gateway and the merchant account.Different merchant accounts will have different requirements for var-sheets. It’s important to check with your merchant processor before getting the information ready on your VAR sheet.
Do You Need Var-Sheets?
Every business needs to have a “file” that includes their critical merchant account information. If you’re a business that accepts credit cards via a credit card processor then this is especially true. For example, a retail business that is using a retail merchant account would have the file loaded directly into the terminal. An online store with a merchant account, gateway, or third-party software, would have the information is put into a VAR Sheet and given to the Gateway Provider. We then enter the information into our Gateway – which allows our Gateway to communicate with the Merchant Account Provider to complete the payment process.Getting a VAR Sheet is the final step in the approval process for a Merchant Account Application.
If you need help getting your VAR sheet, or loading it into a gateway, you can chat with our merchant services team. Var-sheets are the only way your gateway can communicate properly with your merchant account. So, yes you need one!
VAR Sheets For Multiple Websites
Weather your focusing all your efforts on one business or managing multiple e-commerc stores, you’re still going to need Var-sheets. For someone who had multiple websites or online stores, it can be hard to keep it all organized. If you find yourself with multiple VAR-sheets for different websites and several (or one) merchant account, then it’s time to optimize! Even though you need different Var-sheets for your various companies doesn’t mean you can’t optimize your efficiency and organization. They’re gateways that let you manage various merchant accounts in one platform.
Why Maverick Is Your Source For Var-Sheets
Whether setting up your first e-commerce website, changing merchant account providers, or organizing multiple VAR sheets under one gateway, Maverick BankCard is your comprehensive solution for the most demanding issues. Parameter sheets, Var-sheets, tear sheets, or what you call them, our team of experts will work with you to set up your gateway.
For more information about getting your Var-sheet, schedule a free consultation with our merchant services team today.