e-Commerce Merchant Account Explained

Feb. 14, 2013 - PRLog -- If you are classed as a high risk industry you are going to have to arrange a high risk merchant account & a e-commerce merchant account to enable you to take credit card payments from your customers. An e-commerce credit card processing service does for web-based merchants what a point-of-sale (POS) solution does for brick-and-mortar businesses.

You're going to need software to run your e-commerce site, especially if you have a large catalogue of items to sell. The software will act as an electronic catalogue, allowing you to enter your wares, categorise them and price them accordingly. E-commerce software usually allows you to enter your own design templates so that your site looks the way you want it to. The Payment Gateway "Virtual Terminal" takes the place of a credit card terminal or processing software saving you money because you don't have to purchase or lease the hardware or software. You get all the extra Ecommerce Merchant Account anti-fraud features like address verification, real time credit card verification and free daily batching.

After the card has been processed by yourself, or your online authorisation company, the customer's card will be debited, and your Merchant Account credited within usually a couple of days. The Merchant Account Provider will also take a small commission per transaction. While store-front merchants use a physical credit card machine to read the credit card’s information and send a transaction authorisation request to the card issuer over a phone line, their web-based companies use a shopping cart to collect the customer’s order and payment information, which is then encrypted and sent to the card issuer for authorization through a payment gateway.

Accept credit card payments from your website and grow your online business today. To get the Internet merchant account of your choice, get in touch with MaxPayNow on  0161 928 2287 or fill in our application form at: http://www.maxpaynow.com/page/merchantaccount.aspx

If you are looking for cash for your business & you have a pdq machine then you might qualify for a Merchant Cash Advance. We can also help businesses with a moto account if they take orders over the phone.