When you decide to embark on the journey of launching your own online business, there is much to consider. The most important goal is having the capability of accepting credit payments. In order to make this happen, you will need to acquire an internet merchant account.
Like any service you seek, you must be keen on knowing what you will need to make your eCommerce business a success. This will put you on the path of finding the most suitable provider and avoid any substandard options.
What Is A Merchant Account?
First of all, 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. Once these payments are verified, these funds will then be routed back to your business bank account. The merchant account basically acts as the “middleman” between your customers’ funds and your business bank account.
Sure there are traditional merchant accounts that can service your online business, but this is certainly not ideal. Traditional merchant accounts mostly deal with “in-person” transactions and therefore, they won’t be as equipped with the resources and tools necessary to help your eCommerce venture succeed.
However, if you go with an internet merchant account, the focus will be on using the tools and resources that are necessary to help your eCommerce business grow and thrive. Some of these tools and services can include a payment gateway, a shopping cart, or an online store. These internet merchant account providers should also be compatible with many of the leading software vendors that service the eCommerce space. This should include shopping carts, marketing tools, and subscription software.
Although eCommerce has exploded in the last few years, there are traditional institutions such as banks and other merchant account providers that are hesitant to provide internet merchant accounts to online businesses due to the higher risk of fraud.
However, there is one internet merchant account provider that is equipped and ready to handle the unique needs and challenges that online businesses have. iPayGreat is an award-winning payment processor in the high-risk merchant space and has been the leading provider in internet merchant accounts for well over a decade.
iPayGreat offers a wealth of payment solutions that empower high-risk businesses to process their credit card payments rapidly and efficiently. Some of the tools in their arsenal include:
- ACH Processing
- Business Funding
- Chargeback Dispute Resolution and Prevention Programs
- Instant Check Processing Solutions
- High-Volume Payment Solutions
And so much more.
Look No Further Than iPayGreat
Finding a reliable internet merchant account provider with enough industry experience could be a challenge.
iPayGreat is ready to surpass your expectations as your committed business partner and advisor in the e-Commerce world. Hop online and fill out their simple online application and receive an approval within 24 hours.