When the payment gateway processes the transaction and the customers credit card is charged for the sale, that money has to go somewhere. Specifically, it needs to deposited into a bank account. Funds from credit card sales are deposited into a special type of bank account that is called a “merchant account”.
That really is all a merchant account is. It’s just a bank account that is used to hold funds captured from your credit card sales. Then, once per day the money is sent out of your merchant account and into your regular business bank account.
We include both the merchant account and payment gateway with our service. If you have a website, all you need to do is tell it to start sending your transactions to us. In other words, you setup your shopping cart software to use our service. In a practical sense, it means that you can select from dozens of compatible shopping carts, install it on your website, and begin processing payments through our system.
We also offer you registering your own payment processing company which can apply in front of various banks and financial institutions.
Contact us for further details.