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Merchants FAQ
What is a Merchant Account ?
Merchant account is an account that accept and hold credit card transaction money. This account can be established through merchant service providers (MSP) such as banks or via independent service organizations (ISO). Online Credit Card Merchant Accounts accept payments via internet and is used on e-shops, e-bays and other types of online stores.
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How does Merchant Account works ?
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What is a Gateway Processor ?
A gateway processor is a system which charges your customers credit cards when they shops on your website and sends the funds to your merchant account.
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What is a Shopping Cart ?
Shopping Cart is a software system that provides your customers with a ability to buy products from you. You can sell products, services or anything else. Your merchant account integrates with shopping cart software so check is shopping cart campatible with your merchant account provider before you buy it. Most shopping carts are also compatible with most popular shippers used to ship products to your customers like UPS, FedEx and so on. Check out this compatibility also.
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What is SSL and why Credit Card Merchants Accounts use it ?
SSL is a Secure Sockets Layer protocol. Originally this protocol was developed by Netscape. SSL has been universally accepted on the World Wide Web for authenticated and encrypted communication between clients and servers. Credit Card Merchant Accounts use it to securely transfer high risk information like you customer payment processing.
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