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What exactly is a Merchant Account?
There are also differences between merchant accounts used for taking face to face payments and those used for taking payments online.
What is an Online Merchant Account?This type of merchant facility is provided by a bank or dedicated merchant account company. They consist of two things: the merchant account itself and the payment gateway. The merchant account is a special type of bank account that allows you to accept credit and debit card payments. The payment gateway provides the software which processes card transactions by collecting the card holder’s data and communicating with the card issuer to authenticate and authorise the transaction. One of the benefits of these merchant accounts is multi-currency payments: Take card payments from anywhere in the world with currencies automatically converted, plus, a business can integrate with a MOTO account which combines your internet merchant account with mail order and telephone sales to maximise your potential customer base.
Having a merchant faxcility in today's climate is essential for businesses who don't want to turn cashless customers away and for those who want to be able to accept credit or debit card payments online.
Contact MaxPayNow on 0161 928 2287 or visit us at www.maxpaynow.com & you can fill in our online application form or you can request a call back from one of our staff.