answersLogoWhite

0


Best Answer

The purpose of an online merchant account is to sell things online. Online merchants need a merchant account or internet merchant account in order to accept payments. Merchant accounts are supplied to online traders by banks and payment service providers like PayPal and, in the UK, Nochex.com.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the purpose of an online merchant account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the purpose of a merchant account in terms of credit card usage?

The purpose of a merchant account in credit card usage is that if one opens a business and accepts credit card payment online, one has to have a merchant account.


What is the purpose of an eCommerce merchant account?

An eCommerce merchant account is a payment gateway for businesses doing transactions online, primarily using credit cards. The merchant account with the credit card company, such as Visa, is what allows the business to accept credit card payments online and have them processed.


What is the purpose of third party credit card processing?

The purpose of third party credit card processing lets one accept online payments without a merchant account of one's own. Instead, the service provides their own merchant account for you to use.


Is online merchant account beneficial to small business holders?

An online merchant account could be beneficial to small business owners. The vastness of the benefits depends on what the business does and how much it could utilize an online merchant account.


How can you set up a online merchant account?

You can set up an online merchant account using a variety of websites. Amazon and Ebay are two popular websites that people use to setup an online merchant account. For Amazon, simply make an account, you may need to attach banking information such as a credit card and register as a merchant.


What is the purpose of an offshore merchant account?

"An offshore merchant account is an account that allows the owner to accept credit card payments through a bank not located in the merchant's country. Generally, a merchant would start and offshore account to reduce their tax liability."


Where can one find an online merchant account?

You an apply for an online Merchant account through Merchantexpress. They can help you set up an account and manage it successfully. The most popular medium used, however, is Paypal.


Where are a few of the places that one find an account merchant online?

googlegooglegooglegooglegooglegooglegooglegooglegooglegoogle


Where can one find more information about fixing a bad credit merchant account?

Information on fixing a bad credit merchant account can be found online. Websites such as 'Instabill', 'High risk-Merchant Account', and 'Emerchantbroker'.


What is the main reason for an Ecommerce Merchant Account?

The main advantage and reason for an Ecommerce Merchant Account is that this account type gives an opportunity to process online credit card payments.


Where can one enroll for an online credit card merchant account?

One can enroll online for a credit card merchant account on the 'Network Solutions' website where they take both Visa and MasterCard. One can also enroll online with BluePay.


How can one open a Merchant account in Canada?

There are several steps to opening a Merchant account in Canada. First, you must have a working email address. Then just follow the step-by-step instructions online to successfully open a Merchant account