Process easier transaction for your business with a merchant account facility
Are you looking to have some benefit of everything that online commerce has to offer and enter the world of e-commerce? This will require you to accept online credit card payment. When choosing an internet merchant account for your e-commerce business, you are not required to understand how a merchant account communicates with the other elements necessary for selling online, like payment gateways, processors, and shopping carts. Some services combine one or more of these elements, but it is still important to distinguish these elements from one another. We at HRG provide you with the efficient International Payment Gateway that will allow you to offer your product or services to international customers. International customers have the flexibility to make payment in their currency for your product or service. It will also allow merchants to have higher sales for your business account.
What is a merchant account?
A merchant account is a particular kind of business account where customer money is deposited after they use their credit or debit card to purchase from you. Once these payments are verified, the money is transferred to your merchant account, which is entirely a different entity from your merchant account. You don’t have any control over the merchant account facility it is indeed the middleman between your customer money and your business account.
So don’t you think that why you need the middleman at all? Wouldn’t it be easier to simply credit or debit card payments directly and get the funds deposited directly into your business park?
Unfortunately, credit card processing doesn’t work this way. When your customer pays you, the transaction ultimately includes two major parties: the issuing bank and the acquiring bank. Since the payment process has become so complicated, the acquiring bank has to take permission from the acquiring the banks, which the has to verify that the customer has those funds available and transfer them- the merchant account only works as the holding authority that is helping the merchants to store funds.
PCI compliance with Online Merchant Account
PCI compliance is proffered as the set of parameters that are set up by a PCI council that is sponsored by the major credit card companies to make sure that customer’s vital information is secured when they make any credit or debit card transaction. These standards apply to all the businesses that are dealing with credit or debit cards, they are meant to standardize the securing, processing and transmission of cardholder data. By now you have understood that it is a good idea for your business to be PCI compliant. While choosing a processor you need to make sure that your provider offer features such as PCI compliant processing hardware and software. Though there are most third party processors that handle the entire process of PCI compliance for you, with a merchant account, you are required to expect at minimum to have to complete the SAQ.
We at High risk gateway provide you with the Payment Gateway Provider that will allow you to have smooth and flexible payment transactions for your business. It will also allow you to have a different mode of payment option that will enable your website to accept payments from different cards such as Visa, Master, Discover, UnionPay etc. These are different cards available in the market and customers have the flexibility to make payment using any of the cards.
Read our another blog : Credit Card Payment Gateway