What is it?

A Merchant Account is an account opened through a bank that is a member of the Visa, MasterCard, or other credit card network which allows merchants to accept credit cards. The merchant account verifies and processes credit card and customer information. This includes checking to see if the details supplied are correct (address, card number etc.) and if the card has been reported stolen, or has enough funds.

• Customer places order on your website and pays by debit or credit card

• Payment details sent to merchant account via secure payment gateway

• Merchant account processes payment

• Once the payment is approved the information is sent back via payment gateway.

• Customer notified that payment has been successful (or not)

• Funds settled into your back account (once a week)

Why no payment gateway fees applicable?

Because a merchant account only verifies card information and processes payments, no payment gateway fees are applicable. This is left to the gateway provider. This works in the same way that a payment gateway does not have credit card processing fees (transaction rates) as this is left to the merchant account provider.

Please note that with our combined solutions we provide both the merchant account and the gateway, therefore both these costs are applicable.

Need an Internet Merchant Account?

By choosing to take advantage of the Web-Merchant service, any would-be merchant will save on charges, have a considerably simpler application process than that offered by the High Street acquiring banks, and have made available to them added value services specially developed by Web-Merchant.

Because we are an independent provider, we make the task of accepting cards in your business a simple and straight forward process.

We supply both the internet merchant account and the secure payment gateway as part of our online payment solution.