Accepting Online Payments
When starting an online store, the process of getting set up to accept credit cards can sometimes be confusing. We’re here to help you understand the requirements. To accept credit cards online, eCommerce store owners need both a merchant account and a payment gateway.
Your merchant account allows you to accept credit and debit cards and process payments by connecting your bank and your store. This merchant account is also what facilitates the transfer of funds from sales made on your store into your bank account.
The payment gateway, such as Verifi, is the software interface between your shopping cart and the merchant account, and is responsible for encrypting data and authorizing payments from customers. The payment gateway is what keeps your store and your customer’s data safe.
Our preferred payment partner, e-onlinedata, provides both a merchant account and payment gateway to you with one easy sign-up.