A merchant account is a credit card account that a merchant opens with a bank, allowing the merchant to accept credit card orders from customers. This is the same as what you see on some web sites that sells things and stuffs.
There are various processing options provided by merchant credit card services providers: real-time Internet processing, retail-swipe terminal processing and computer-based processing.
Real-Time Internet Processing
This type of credit card service processing is ideal for businesses that transact business on the Internet. When a customer is ready to pay, they can click on the provided checkout link which leads to a secure page where they can provide their credit card information. A confirmation appears on the screen telling the customer whether the card is accepted or declined.
In two business days, the money is deposited in the merchant’s account. Real-time providers will then provide merchants with an online database showing all credit card transactions, making month-end accounting and balancing simple.
Real-time Internet processing is ideal for merchants who have lots of transactions every day, since it helps to...
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