Payment gateway Vs Merchant account : In order to process credit cards from a e-commerce website both “payment gateway” (the online card processor) and “merchant account” are necessary and work together to handle payments automatically.
“Payment gateway” enables internet merchants to accept online payments via credit card and e-check using “merchant accounts”. Typical a merchant account provider is a separate company from the payment gateway.
Here are the list of Merchant Account Providers which will facilitate your business to accept credit card payments from your customers.
A merchant account enables your business to accept credit card payments from your customers. This account is a business account that allows you to collect payments from credit card or consumer bank accounts. Merchant Account provided by acquiring banks will verify the availability of funds, authorize transactions, and deposit funds from the customer’s bank into your merchant account.