masthead accept credit cards

What is an Internet Merchant Account? How do Internet Merchant Accounts work?

Credit Card Processing Blog
Comparison Page
Direct comparison of Internet-based credit card processing services
Online Credit Card Processing Tips
What is an Internet merchant account?
What is a third party credit card processor?
Online Merchant Account or an Online Credit Card Payment Processing Service?
How Does Internet Credit Card Processing Work?
Credit Card Processing Decision
What Is Internet Credit Card Payment Processing?
Need To Take Credit Card Payments Via Telephone?
Credit Card Pre-Authorization Info
Third Party Processors Homepage

What is an Internet Merchant Account?

A regular Merchant Account is an account set up between a retail company and a merchant bank which allows the retailer to accept a credit card order from a customer, and in turn receive the monies through the bank.

If you wish to accept credit cards online in your own company name you will need your own Internet merchant account.

Obtaining an Internet merchant account to accept credit cards on the Internet is more difficult than obtaining a 'regular' merchant account because the card is not present nor is a signature obtained.

Internet merchant account's are now part of the "Mail order - Telephone order" (MOTO) processing accounts because the cardholder isn't present, and a signature isn't taken. Nowadays, the three-digit number from the back of the credit card is used during an Internet purchase in place of a signature. Some banks have a futher password-checking system. However, Internet merchant accounts still receive more fraudulent transactions that offline retail based merchant accounts, and for that reason, the processing fees are usually higher.

This site compares the services of Internet-based credit card processing companies that will perform the credit card billing under their company name using their merchant account (for a percentage of the total sale amount) and forward the monies to your bank account or send you a check.

This article by Neil Shearing, executive author, 3rd Party Processors.

neil shearing, 3rd party processors author

Feedback, comments? Please use our support services website Please note that we do not offer credit card processing services. For a list of sites that do, please see this page

You don't need a Merchant Account to Accept Credit Cards on the Internet!

By using this site you agree that you've read and will abide by our terms and conditions of site usage. Also available is our privacy policy

Important Site Usage Terms. If you can't see the graphic please visit

Scamfree Ltd is registered under the Data Protection Act (1998) in the UK.