Merchant Accounts for Online Shops

Opening an online shop can be a great start to owning your own business. With a wide variety of large scale shops to sell through, you can set up an online storefront and start to sell your items or services. Once you have a store set up, you will be able to sell your craft will drawing in more customers. The way that all online customers will have to pay is through credit and debit card. Though it is possible to receive a check or money wired to you, it is a much longer process. In each of these cases, you have to wait until the money clears, then proceed to offer the service or product. Credit and debit card payments are instant and give the lowest possible downtime to yourself and your customers.

To set up a method for accepting credit and debit cards, you need to make sure that you set up a merchant account. Merchant accounts are the primary method for accepting payments online because they open up a financial account to accept payments to an account of your choice. If you are researching merchant accounts, find a payment gateway that will allow for ease of use on your website. A payment gateway processes payments for your website without requiring any extra work from you. With a payment gateway, your customers simply click on the button to make a credit card payment and are taken to a secure website that accepts payments. Through a pay gateway, consumers enter their credit card information, then the payment is sent to you once cleared.