Why do we need online merchant services?

You might have come across terms like online merchant services or online merchant accounts. These are a set of important services for online businesses. Online retailing is a form of e-commerce which facilitates direct purchases of the goods from the seller from over the internet. It may be a B2B (Business to Business) or a B2C (Business to Consumer) transaction. You might have noticed that online prices are less as compared to the market prices for a same product. This is because the intermediaries are eliminated from the chain.

A merchant account is a type of an arrangement between the business and a bank or affiliated company which allows business organizations to accept online payment from the customers, viz. payments made by debit or credit cards trough a secure gateway.

It is necessary for a business organization to carry out a detailed merchant account comparison offered by various service providers on the basis of rates, authorization and charge-back fees charged by each one of them, reliability, security and reviews, before choosing a pick.

Merchant service providers may levy higher monthly fees and charges for high riskmerchant accounts. High risk accounts is a type of account designed for e-commerce organizations involved in high-risk category  businesses like gambling, online dating, sales of computer hardware or software, etc.

The evolution of online merchant services is a boon for the business organizations, banks as well as the customers. This platform has contributed to the progress of e-commerce. Consumers have a wider choice of products at competitive prices, online retailers get business and banks earn fees. So it’s a three way triumph!


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  2. You also need fraud protection if you are an online merchant who accepts credit card payments. Just get the free Micro license from http://www.fraudlabspro.com/ that allows you to screen up to 500 orders per month for fraud. Since it's free, might as well use it and protect yourselves.

  3. This is is an awesome blog. I am really appreciate with your logic and thanks for sharing the important and valuable information about Merchant credit card processing .You have described the need of merchant credit card processing.It is used in largest industries.


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