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merchant account
Last modified: Tuesday, October 21, 2008  

An industry term for a business banking relationship whereby you and a bank have arranged to accept credit card payments (usually, a local bank can suffice for this kind of relationship). Setting up a merchant account usually involves the bank understanding your business and working with a third-party processor to arrange a mechanism for accepting payments. Merchant accounts are usually required for accepting customer credit card and electronic payments through an electronic commerce Web site.

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Authorize.net
Authorize.Net provides Internet Protocol (IP) payment gateway services that enable merchants to authorize, settle and manage credit card or electronic check transactions anytime, anywhere.

ECommerce-Guide
ECommerce-Guide is the source for e-commerce news, trends, product reviews, and how-tos for businesses running online or e-commerce sites and selling and marketing products and services.

ECommerceGuide: eBiz FAQ
You have the great idea, you have the enthusiasm, you even have the money to get started, but you still have more questions than answers when it comes to starting and sustaining your e-commerce site. To help address the issues all e-businesses face, we've compiled this list of frequently asked questions. We'll continue to add to the listing, so keep FAQ checking.

ECommerceGuide: eBiz FAQ: How can I accept online payments?
You can't sell online if you can't take various forms of payment. Learn about the many ways you can incorporate PayPal, credit card processing and other methods of financial transactions on your e-commerce site.

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Related Terms

Business Services Provider

Credit Card Interchange

EBPP

electronic commerce

electronic shopping cart

live support

Merchant Service Provider

payment gateway

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