Credit Cards

Understanding How A Merchant Account Actually Works

Online businesses are always competing for consumers in the market space.  The unfortunate reality though is that there are new boundaries that need to be crossed in order for an online business to just survive.  Being able to accept credit cards is integral to the survival of an online business.  Thanks to the introduction of merchant accounts, online businesses are now able to accept credit cards far easier than in the past.

Merchant accounts are not as complicated as you may think.  Merchant accounts are basically an intermediary between you, the online retailer, and the credit card company.  When you make a sale on your site and take in credit card information, the credit card information is not automatically sent from your company to the credit card company.  Instead, the merchant account actually takes in the credit card information securely.  They then transmit it to the credit card company, whether it be Visa, MasterCard, and so on to receive the payment.  The merchant account will then send the finances to your bank account, in exchange for a small fee.

Solidtrustpay.com has become an integral partner for many online businesses to be able to accept credit card payments.  Solid trust pay has grew in popularity with their extremely low monthly fees and transaction fees.  Solidtrustpay is a great choice if you need to grow and start accepting credit card payments.  At the end of the day, you need to stay competitive and you need to grow your business.  Online merchant accounts may be the tool you need to reach that new level.