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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.
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.
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.
Information on fixing a bad credit merchant account can be found online. Websites such as 'Instabill', 'High risk-Merchant Account', and 'Emerchantbroker'.
Information on getting a merchant account online can be found from many different websites. Some examples of these websites include GoDaddy, American Express, and ChasePaymentech.