It is a type of accounts that allow business to accept payments through payment card like debit or credit card. It establish an agreement between acceptor and a merchant acquiring a bank for its transaction and settlements.
It is a cost effective way to accepts payments from credit cards, ones you open a merchant account you will get a credit card number on your site and can receive any due payments. To get money from your customers credit card is difficult task, confirm the sale and take the customer’s credit card detail on your website. Firstly the card has to be verified and approved that it is not been stolen or expired. This services is provided by your merchant accounts company, or you can proceed to online authorization know as data base. It’s not cheap to deal with authorization Services Company, but it’s safe and accurate method of merchant account.