What is a Merchant Account?
Mitch Webb | July 28, 2008
Whether you are a consumer or a business owner, most of us will use a merchant account service. When you make an Internet purchase with a debit, credit, or gift card most stores require a merchant account to process your electronic payment. The merchant account allows buyers and sellers to use and accept non-cash payments for goods and services.
An Internet business can not take cash payments, but they can take checks. However, they will be losing a lot of potential customers by accepting only check payments. It is also safer for the consumer to use a credit card when purchasing on the Internet.


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