I was thinking to take a merchant account for my business. But I don’t know much about this service and its service provider. Can you tell me about merchant accounts, benefits and where I can get one? If you know any website regarding this please let me know.
Hello Olivia, a Merchant Account is like a regular bank account. It is a place where money and payments can be paid in and where the same funds can be paid out, usually to a regular bank account.
If you run a business and you need to get paid - and who doesn't - you will need a merchant account to get your payments paid into. If you run a business there really isn't any alternative to having a merchant account to receive payments into.
All the other things you need for payments, such as a payment gateway and payment processing, are separate from a merchant account, and you sometimes need separate suppliers for each thing.
I work for a company called Nochex that suppliers a merchant account, payment gateway and payment processing all in one simple bundle. If you would like to know more about our internet merchant account service you can find out all about it here https://www.nochex.com/merchant-account/.