Ecommerce Merchant Accounts

Written by Gregg Ruais
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Merchant accounts are necessary for all businesses that accept customer credit cards. People can apply for various types of merchant accounts, including traditional, personal, and integrated accounts. Different companies and products meet varying needs, and businesspeople should research several options before committing to providers. Merchant account providers charge activation fees in addition to ongoing charges for statement processing and other services.

Traditional, Personal, and Integrated Merchant Accounts

Traditional merchant accounts cater to storefront businesses, and many providers are extending their services into the field of e-commerce. These accounts work best for businesses that process high volumes of credit card transactions. People who need traditional merchant accounts can find applications online. They will need to enter information on the equipment they use, the names of their businesses, and their addresses. Some companies accept applications via email.

People who have trouble obtaining traditional merchant accounts often find it easier to open personal merchant accounts. These are ideal for people who sell products at online auction sites or businesses that process few credit transactions. These accounts often cost less money to maintain than traditional accounts.

Integrated merchant accounts provide unique services to online businesses. In addition to the normal functions of merchant account providers, they offer convenient services like shopping carts, online catalogs, and payment processing. These services make it easier for customers to shop, lessen the web hosting duties of business owners, and provide payment security all in one.

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