The days of the brick and mortar business are in the past. Now, more and more online businesses are popping up every day. It’s no wonder so many business owners are jumping on this trend with so many shoppers opting to make purchases online instead of in store. Statista.com claims just about 40% of American shoppers choose to shop online several times per month. These numbers are hard to ignore!
There are dozens types of contact you are able to offer your customers in your online business. Choose carefully what will work best for you.
Setting up a merchant account is above all about business possibilities. If you’re serious about your ventures, you can’t run an online shop nor accept card payments on your website without having it. Don’t cut corners, do it right!
What in Lord’s name is
a merchant account?
It’s a separate bank account or rather a line of credit to a merchant that allows business to accept online payments, meaning money from online transactions. This account is established under an agreement between a merchant and an acquiring bank for settlement of all transactions processed on your website.