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Merchant Account
The general opinion is that selling credit card processing is lucrative. Well, that’s true, but the big question is:  How much money can you actually make out of this business? 
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Every new merchant account comes with a unique number – called the Merchant Identification Number, or MID – that singles it out throughout all processing activities.
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An internet merchant account is a business account where your customers’ money will be deposited once they purchase from your online store using their credit card
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A payment gateway is “software we use to transfer transaction data from the merchant to the acquiring bank. This software serves as an interface between the payment form on the merchant’s website and an acquiring bank”.
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