Merchant Accounts
Learn about Merchant Account options.

Merchant Accounts

A merchant account is an agreement between a financial institution and a business owner who wishes to accept credit cards as part of their business. Customer charges and credits are tracked by the merchant account. Business owners transfer funds collected in their merchant accounts to the business account in their local bank at specified intervals. There are merchant account fees involved for the business owner. These fees include a setup charge, monthly or anual fees, and per charge fees (this would be a percentage of customer purchases). Fees for merchant accounts vary so check with many lending institutions that offer this service. Find the one that best meets your business needs. If you are an internet marketing company and generate sales online, you must make sure your merchant account provider can handle internet transactions.

Latest Merchant Account News
March 12, 2007
Chargebacks — the reversal or credit of a charge back to a customer's credit card account — unfortunately, are a part of doing business, whether online or offline. But e-tailers are at a natural disadvantage compared to bricks-and-mortar stores because there's no face-to-face signature witness or card imprint taken.

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