Internet Merchant Accounts - Merchant Account Quotes

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Credit Card Merchant Account –

Internet Merchant Accounts

An internet merchant account is a relationship between a merchant's company and a Merchant Account Provider. By having an internet merchant account, the merchant is able to accept credit card payments from customers via the Internet. (Click Here To Apply)

An internet merchant account (or online merchant account) processes transactions that occur when a customer finds a product he/she likes on a web site, goes to that web site's online form, and fills in all credit card and billing information in order to complete the purchase.

  • As the Internet ages, online commerce becomes more sophisticated. As time passes, Internet merchant accounts offer much improved fraud control. Internet merchant accounts provide identity verification, safety, and protection for both the customers and the merchant.
  • Internet merchant accounts are expected to triple within the next two years with the growth of online-only businesses increasing at double that rate. These merchant accounts help maintain the security of credit card processing with the peace of mind that comes with knowing the payment you received was approved, and will be paid.

One of the more common uses for internet merchant accounts is for subscriptions to online services. Many news organizations, online publications, web hosting companies, and entertainment sites require a monthly fee in order to access their content or services. With an online merchant account, these businesses are able to now able to accept credit cards, and in most cases, automatically bill their customers each and every month without having to do it manually. The process is entirely automated, with complete record keeping, reports, stats, etc.

Internet merchant accounts are also used by other industries, such as those offering a variety of products for sale over the phone. These companies find internet merchant accounts invaluable because they are now able accept payments via the phone by simply inputting all the nessasary customer information into their virtual terminal. (The virtual terminal is provided by their merchant account provider).

The use and growth of Internet merchant accounts are expected to triple within the next two years with the growth of online-only businesses increasing at double that rate. These merchant accounts help maintain the security of credit card processing with the peace of mind that comes with knowing the payment you received was approved, and will be deposited directly to your account.

 


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