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Getting an Internet Merchant Account
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Internet Merchant Account - This account is with a financial institution or bank. It makes you capable of accepting credit card payments on your website. Unlike what you may think, the credit card information collected through the payment gateway is actually transmitted to the merchant account provider and not your bank.
Unfortunately, many local banks don't offer accounts to online merchants because the transactions are risky in nature and prone to fraud and scams. Therefore, it is extremely important that you protect your site against fraud and check with your provider on how to do it.
Your website has to be integrated with your merchant North American Bancard ISO account provider. You will get detailed instructions to do the same by your provider.
Finally, make sure you understand the various factors involved in getting an Internet merchant account and find out about the costs and fees involved. After all, doing your research can help you save time as well as money!
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