An ecommerce merchant account is financial relationship between customer and a credit card processor. Ecommerce merchant accounts are designed to accept online payments and process them in real time either through web or any virtual terminals.
Ecommerce merchant account provides a payment gateway.
To set up an ecommerce merchant account first there is a need to find a best lender account. Once the customer is ready to use credit card, he can start shopping for a bank account that can offer ecommerce merchant account. With a ecommerce merchant account set up, he can customize the needs of the company by choosing the credit cards that will only be accepted on your website
Advantages of ecommerce merchant account
Offers impulse buying
Increase customer loyalty
Enhance web sites credibility
Whether you have a merchant account for accepting credit card transactions?
How many products you intend to sell online/
The complexity of the “back office” system integration you require.
Types of merchant account
An ecommerce merchant account is a must need when business want to run successfully online. There are basically three types of ecommerce account.
Ecommerce merchant services
Ecommerce merchant services is no doubt is an effective tool in increasing sales of a business. Instead of selling the products on a local store, ecommerce merchant account allows the customer to do transactions online through credit cards. All the ecommerce merchant accounts are different depending upon their type and amount of service fee they are paying. Some ecommerce merchant account service charge a monthly fee, some charge one time fee. The differentiation depends upon the scale of business and services required by the merchant account. Another factor which is of real importance, ecommerce merchant services should offer all the credit card payments for all major credit cards available in the company. Getting high quality epayment solution for all types of credits and purchasing processes
Benefits of ecommerce merchant services
Card processing services: provide a high degree of network for credit card processing payments with high security and reliability.
Increases revenue by accepting credit cards and payments
Provides ecommerce tools and products to make online credit card processing successful.
Low risk of frauds