In order to accept credit card payments online, you must have an Internet merchant account into which payments accepted online are deposited. IWD offers merchant accounts through Online Data Corp, whose quick and easy Online App can enable your site to start accepting credit cards in minutes.
A bank account applied for by merchants to enable them to receive the proceeds of credit card purchases. Once a merchant account has been established, the acquiring bank agrees to pay the merchant for all valid credit card purchases in exchange for the right to collect the debt owed by the consumer.
is a means of using a bank to process credit charges for a client in a legal and secure fashion.
A type of bank account that enables you to accept and process credit card payments online. Merchant accounts handle fraud checks on each transaction and manage the transfer of funds from your customer's credit cards to your bank account. You must have a merchant account in order to perform online credit card transactions. Additionally, you will need an online payment gateway. In some cases, these are included with a merchant account.
An account set up with a third party that makes accepting credit cards on a web site possible. An example of such a service would be PayPal(tm).
An account that is established by a merchant to receive payment via credit cards.
An account set up by a bank which allows a business to accept credit cards and deposits collected funds into the business checking account. Merchant providers assume a risk by allowing other businesses to accept credit cards under their name, and rely on those businesses to deliver the products or services to the customer as agreed.
An account at a bank that allows a direct marketer to accept payment in the form of credit cards.
a credit card payment facility; a bank account that enables a merchant to receive the proceeds of credit card purchases.
A specialized bank account established between a merchant and a financial institution in order to process credit card purchases. By establishing a merchant account, the financial institution agrees to pay the merchant for valid credit card purchases in exchange for the right to collect on the debt owed by the consumer.
A written, commercial bank account established by contractual agreement between your business and a bank. The agreement contains the respective rights, warranties, and duties with respect to accepting the bank card (i.e. Visa or MasterCard). You must apply for this account much like you would apply for a commercial loan.
A special account for routing deposits from shoppers' credit card banks to your business banking account.
An integrated method for authorizing, processing and settling transactions that are paid by credit card. Think of a merchant account as a bank account which enables the credit card networks to route funds to you.
A Merchant Account is an account a merchant (or store), like yourself, has with a bank in order to accept credit card orders from customers. Funds are collected by a bank from credit card purchasers and disbursed to the merchant. Once the merchant has a merchant account set up, the merchant can accept credit card information from customers online.
Enables the processing of credit cards online.
account, which allows it's holder to accept payments from buyer; some accounts of this type can be also may have B2B and/or B2P features; same as business account
An account with a bank (processor) that allows a merchant (seller) to accept credit card payments from a customer (buyer). Accounts opened in this way usually start off processing only Visa® (issuer) and MasterCard® ( issuer) credit cards and it will usually take a few more steps to be able to accept Discover® (issuer) or American Express® (issuer) credit cards. Once payments are accepted, funds are then transferred electronically to the merchant's bank account about one to four days later.
A special bank account that is utilized to receive credit card transaction proceeds. The merchant bank debits the funds from the credit cardholder and deposits them into the merchant account for the merchant's use.
Account from a credit-card issuer.
Needed to process credit card transactions.
An account provided by a financial institution allowing you, as a web site owner, to accept payment for your products and services online, via credit cards, E-checks, and debit cards.
A special bank account that merchants who accept credit cards use. If you accept credit cards in your retail store - or on the Internet - the funds from those transactions will be deposited into your merchant account.
The merchant's account into which transactions are credited or debited.
Allows a business to accept credit card transactions from customers. Merchant accounts are commercial bank accounts set up between a retail business and a financial institution. Funds from customers are deposited into the merchant account.
an account established for a department or affiliate to process credit card transactions.
A special bank account used to receive the proceeds of credit card transactions. The merchant bank is responsible for debiting the funds from the customer and depositing them into the merchant account.
the agreement between an advertiser and the credit card company responsible for collecting the sale (Visa, Master Card, AMEX, etc.). These may be difficult for new companies to establish because of the inherent risks - often personal guarantees are sought.
A bank account that allows you to accept credit card payments. Some merchant accounts require that you collect the cardholder's signature on a sales authorization slip, as in a retail store. Other merchant accounts allow you to accept card payment when the card is not present, without requiring a signature (see MOTO Account). To accept credit card payments online, you must have a merchant account that accepts orders over the Internet. If you already have a merchant account, check with your bank to make sure you can accept Internet orders.
A contracted agreement between a merchant or business owner selling a product and the credit card company responsible for collecting the sale proceeds. The most common types involve the big three: VISA, Master Card, AMEX, or their derivatives.
A special business account set up to process credit card transactions. A merchant account is not a bank account (even though a bank may issue it). Rather, it is designed to 1) process credit card payments and 2) deposit the funds into your (business) checking account (minus transaction fees).
A bank account that allows for the receipt of credit card funds.
an account that provided by an acquirer (merchant bank) for the merchants to accept and process credit cards for payment of goods and services.
The necessity for anyone wanting to take payments/sales via credit cards, for their e-commerce business. Regular merchant accounts differ from "card not present" or Internet merchant accounts. See Internet Merchant Account and Card Not Present.
Allows you to process credit card orders on your website. A more popular choice with fledgling online business owners are third party credit card processors.
To sell products over the web by credit card you will need either a merchant account with a bank, or an arrangement with an online processor to operate under their merchant account. [ See Real-Time Processing
An account provided by a financial institution allowing your business to accept payment transactions for products/services in real time, via credit cards, e-checks, and debit cards.
Account established with a payment processor for the settlement of credit card transactions. Any merchant who wants to take credit card orders must establish a merchant account.
A merchant account is the agreement between a retailer and a credit card / payment processing center to enable the retailer to accept payment by credit cards.
A merchant account is the necessary financial services tool which allows merchants to accept credit cards for payment. Merchant accounts are obtained through cardservice companies, merchant service providers, or credit card processing organizations. Merchant accounts are unique to each individual business, business owner, and business type.
Anyone who wants to process credit card transactions on their website will need either a Merchant Account or a Payment Processor. A Payment Processor is a company that handles the entire transaction and holds the money in their own account, paying it out at designated intervals or, like PayPal, holding it in an account for you to access. This option is easier to get set up, but in general the fees are higher than if you have your own Merchant Account. A Merchant Account is a bank account that you, as an Internet merchant, set up with a bank that offers such accounts. Through a Payment Gateway, the transactions go into the Merchant Account, where they can then be transferred to your checking or other account at designated intervals.
An online bank account required by a store to receive payments through electronic mediums like credit cards. It can be considered as a virtual bank account that receives electronic money.
This is the account set up with a bank (or PSiGate) for authorization to process credit card orders from customers.
a bank account established by a merchant to receive the proceeds of credit card purchases. By establishing a merchant account, the merchant bank agrees to pay the merchant for valid credit card purchases in exchange for the right to collect on the debt owed by the consumer.
A written, commercial bank account established by contractual agreement between a merchant/business and a bank and/or a payment gateway. The agreement contains the respective rights, warranties, and duties with respect to accepting bankcards like Visa or MasterCard. You must apply for this account directly from your bank, or from the Payment Processor.
An Internet merchant account allows a merchant to process credit cards online and to have the funds electronically transferred into his/her bank account.
A merchant account is a relationship and a trust you have with a bank that has agreed to allow you to charge people's credit card, while they honor it and deposit the funds into your account. The bank is responsible for debiting the funds from the customer and depositing it into your account. There is usually a processor that is involved that processes the credit cards for the bank and lets them known the funds are available. When you are given a merchant account from a bank, they are relying on you to uphold your promises to your customers by delivering the products and/or services to them in a timely manner.
The bank account the merchant establishes with the Merchant Bank (aka as the Acquirer Bank) into which the amounts of the credit card charges made at the Merchants business are deposited.
Something you need to be able to accept credit cards online. You can establish a merchant account with a bank that is a member of the Visa, MasterCard, or other credit card network, which allows merchants to accept credit cards from purchasers. The funds are then transferred electronically to the merchants bank account.
An electronic account that allows merchants to accept credit card payments.
an account that a merchant has with a bank, that allows him to accept credit card payments from customers.
An arrangement with a bank that enables merchants to accept credit card payments.
a special account you set up with your Acquring Bank that lays out the terms and conditions for you to accept credit cards as payment for goods and services.
allows a business to accept credit cards, debit cards, gift cards and other forms of electronic payment via the web (see also PayPal) Merchant Account Terminology: http://www.volusion.com/merchant-service-terminology.asp Volusionâ€(tm)s Merchant Account Services: http://volusion.com/merchant_service.asp
An account setup whereby a merchant can process orders, usually in the form of credit cards
The account that is usually held by an advertiser’s bank that accepts and processes credit cards.
A specialized banking account and system that enables credit card processing and transactions. Required for accepting credit cards on the Internet, a good electronic merchant account can also be used for accepting telephone orders and mail orders.
A bank service account that allows you to accept credit card transactions. Just one part of the process of accepting online credit card orders. (See Payment Gateway)
A financial institution or bank account that is used by a merchant specifically for the purpose of collecting proceeds consumer bank account or credit card payment transactions. A Card Present (CP) merchant account is used by merchants that receive payments in a physical location where payment is physically presented to the merchant by the customer at the time of the transaction. A Card Not Present (CNP) merchant account is used by merchants that receive payments electronically or in situations where payment is not physically presented to the merchant by the consumer at the time of the transaction.
A type of bank account that enables you to accept and process credit card payments online. Merchant accounts handle fraud checks on each transaction and manage the trans... Last Modified: 2004-05-13 Number of views: 215
An account with a bank that allow you to process credit cards online.
A special account where money from credit card sales is first routed to and held before transfer to your own business account. This process is usually fully automated in ecommerce transactions. Money may be transferred into your standard business account in real-time or during various points in 24 hour period. A merchant account is a crucial part of ecommerce.
the agreement between a company selling a product and the credit card company responsible for collecting the sale. Marketers have merchant accounts with Visa, Master Card, AMEX, etc. Companies new to direct marketing often have a difficult time getting merchant accounts because of the risks in long distance credit card transactions.
A bank account established by a merchant to receive payment for goods and services using credit cards.
To accept credits cards online a Merchant Account is required. This allows you to process credit card transactions and have funds transferred into your bank account automatically. We are an authorized reseller for Authorize.Net, the leading provider of Internet-based transaction services. Noodleware will take care of all the work for you, including setting up the new account and integrating the proper code into the web site.
This is an account set up with a merchant bank to process credit card orders from customers.
An agreement between a credit card processor and a seller that establishes the rules for accepting credit card purchases and transferring funds.
Bank account established by an e-retailer to accept credit card payments from customers; the e-retailer pays the bank a one-time setup fee and an ongoing monthly fee to the bank, along with a commission on each transaction. 10.20
A commercial account that enables a business to accept credit cards, debit cards, and other forms of electronic payment.
A specialized bank approved and issued account to process credit card transactions. One of three parts needed to accept credit cards. Other parts required, a local bank checking account (to deposit funds) and a Processing Solution (to access your merchant account).
A merchant account allows a business to accept credit cards, debit cards, gift cards and other forms of payment cards. This is also widely known as payment processing or credit card processing.