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Best Merchant Accounts
For anyone planning to engage in ecommerce, or selling products or services online, you will need to establish a merchant account with a bank or merchant service provider to be able to accept credit cards online. Through a merchant account, your website can be setup to capture a customer's credit card information and process it online through your merchant account provider's processing system.
What is a merchant account?
How do merchant accounts work?
Assuming that the transaction is approved, the merchant receives an authorization code that the purchase was approved. The authorization code assures the merchant that they will receive payment for this transaction. Once the issuing back authorizes a transaction, they assume all responsibility for collecting payment from the cardholder. In exchange for assuming this risk, the issuing will charge a fee, which is passed on to the merchant and is included in the rate quoted by your merchant account provider. Merchant account fees vary from company to company and are partly determined by the services you choose.
Where can I get more information about merchant accounts?
To find out more about how merchant accounts work, check out the tutorials at www.100Best-Merchant-Accounts.com
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