Advantages of Direct Merchant Account for Your Online Business

Possibility to control financial flows and receive prompt reports about all transactions is vital for successful business. That is why eComCharge company offers its customers to open a direct merchant account within the framework of bePaid solution
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Internet Merchant Account
Online Payments Processing
Direct Merchant Account
Accept Online Payments


riga - riga - Latvia


RIGA, Latvia - July 10, 2014 - PRLog -- Internet Merchant Account (IMA) is part and parcel of eCommerce. It allows merchants to accept card payments on the internet and receive revenues to the settlement account. There are two types of Internet Merchant Accounts. One of them is direct merchant account, the other is third-party merchant account, or aggregated account. The latter is in the name of an aggregator and shared by many different merchants.

This option is often used by small startup companies. It is the simpliest, fastest and sometimes the only solution to start processing possible, since banks seem to be not eager to open direct merchant accounts for the newbies in business. However, the users of third-party merchant accounts are exposed to a number of disadvantages, such as substantial hold times and precautionary balances. The biggest danger is that the imprudent actions of one merchant may entail undesirable consequences for all other merchants whose transactions were proceeded through this aggregated account, up to the total suspension of bank payments.

By using direct merchant account one can avoid these risks. Merchant accounts are exclusive to their own, and the troubles of other merchants do not affect them in any way. Direct relationships with acquiring bank create a more secure processing environment, providing lower discount rates. In addition to this, merchants receive their own billing descriptors which help identify the merchant’s name in their billing statement. If your customer does not recognize your company's name on his or her credit card statement (as it sometimes happens with a merchants who appear under the aggregator’s name), the transaction may be disputed and lead to a chargeback.

Since all transactions pass through the acquiring bank, the money goes straight to the merchant’s account and not the the aggregator’s. It prevents some potential risks (i.e. those caused by aggregator’s bankruptcy). All this enhances reputation and strengthens market positioning of your company.

Despite all the advantages of direct merchant account, a lot of merchants find the process of its acquisition too troublesome. Meanwhile, opening direct merchant account through a Payment Service Provider can significantly simplify the procedure. eComCharge provides bePaid ( clients with professional advice and assistance on all administrative and technical details with the partner acquiring bank, offering the most beneficial rates and terms.

In fact, bePaid works as a one-stop communication center for merchants. There is no need to spend your time looking for better conditions in various banks. An application indicating your preferences is just enough, the company will do the rest and pick up the solution that suits your needs best of all.

bePaid lets e-merchants to accept and process multi-currency payments from the leading international and local credit and debit cards (Visa, MasterCard/Maestro, American Express, Diners/Discover and JCB). Payment security best practices are assured to the bePaid users. Advanced real-time statistics and reporting tools, fully PCI DSS Level 1 compliant payment gateway along with 3-D Secure and MaxMind built-in modules help to reduce fraudulent transactions, creating safe payment environment and, as a result, convenient working conditions.

Please visit the eComCharge website to discover a wide range of bePaid benefits and to register:

About eComCharge

eComCharge is a payment service provider, certified in accordance with the requirements of PCI DSS Level 1, a payment solutions developer and a technical integrator of payments. eComCharge cooperates with leading European and international banks, processors and payment systems to provide comprehensive solutions for businesses.

eComCharge Ltd
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Tags:Internet Merchant Account, Online Payments Processing, Direct Merchant Account, Accept Online Payments
Industry:Business, Technology
Location:riga - riga - Latvia
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