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Merchant Accounts
Let’s imagine the following scenario:
A fresh graduate is searching for an entry level job and he has absolutely no success in getting one that would suit for his years of studies. He faces two options: either he accepts the first offer despite the minimum requirements and the risk of downgrading professionally or to set up his own business. Owning a university degree in English language, in a medium sized country, would be a good reason to begin offering online translation services. So what if the customer comes from another country and he cannot use the normal POS device within his office?
Merchant Accounts
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Merchant Accounts
  • For such cases and generally for 24/7 shift business there is nothing better than the usage of a merchant account.

  • Practically it shares the same criteria with a normal account: it is provided by any bank, conditioned by specific terms and fees. It grants CC payments from customers all over the world and not only, debit cards and e-check payments are also available. Besides being a means of automation, merchant accounts provide that continuous transactions without human surveillance.

  • Merchant accounts and payment gateways stick together like butter and bread; as a license, merchant accounts allows online payments, whereas gateways mediate the transactions.

  • Resuming the story of the novice, he will be given endless opportunities to open payment gateways. Several of these options offer free packages in case one decides setting up one. Exactly these turn out to be the most beneficial as compared to a regular merchant account.

  • Both of the components (merchant accounts & payment gateways) are a must when establishing an online business meant to be automated. Lack of consciousness can solely underline what one can miss if not owning their combination.

  • In case one accepts to take the step towards the next level, fees will be the seasonings, which either are known or turn out to be peppery on your budget. Fees represent small percentages set by the bank for the transactions. Various fees apply, how much depends on the method of payment: swipe solution offers the cheapest way while transactions completed without a rigorous documentation can be really expensive.

  • Let us access another level, where our fresh manager decides to take things into his own hands and therefore decides to undergo some monetary evaluation. What he notices is that too many fees equal with financial collapse in long term. So what can he do in order to avoid it?

  • Switching to a new merchant is an option and an option worth taking. Think and think big, definitely the difference between one provider and another is not more than 10 cents, in a long term business these small drops could easily turn into a serious flow of maybe more hundred dollars.

  • Yes, advantages are in the center of attention regardless whether the business is physical or located in an online environment. These accounts are helping hands in payment process when thinking of how many companies struggle with annoying paperwork, phone calls and extra wages for various departments. Consumers generally developed a healthy tendency in using alternate purchase methods (Online) and so both customers and providers harmonize efficiently.

  • Another great advantage is the possibility to handle multiple currencies which grant them the liberty of dealing with overseas customers and gaining good international feedback.

  • It hasn’t been that easy from the very start, technical aspects made it difficult to get a merchant account. Since then, much has changed, nowadays almost every company is open minded and does not refuse a merchant account request. So there is only one issue, identify your potential and thus take decisions: if you are planning to run a large business with generous sales volume, then it is highly recommended to sign for an own merchant account, whereas an entry level business does not need more than a third party account.

  • Ok, so how does it work in daily practice? Based on a HTML code added to your site the service is almost complete. Easy or not, decide for yourself.

  • Fact is that we can enumerate at least 5 reasons to choose a merchant account.

    • A free merchant account (which is not really free by the way) is an affordable option for online businesses striving for financial welfare.
    • The type of business is not a real criterion (travel, flower shop, sports gear, etc).
    • Fast response means practically applying at 8 in the morning and making the first sales within 24 hours.
    • International market is a pro for cash flow.
    • To make offers attractive, free monthly fees apply.


  • Merchant accounts evolved in short time to the hypothesis of being the most convenient mode of payment. Starting up a business is easy as easy as a pie. Merchant accounts can lift your business and ruin it in the same time.