An e-Commerce merchant account allows any (or almost) online business (also known as an e-Business or e-Commerce business) to accept credit cards/debit cards, gift cards and other forms of payment cards online. e-Commerce merchant accounts can also be referred to as: online credit card payment accounts, online credit card processing accounts, credit card transaction accounts, and others. An e-Commerce merchant can get an e-Commerce merchant account from a merchant bank or a merchant service provider in his/her local area (city, state, country) or in another country (offshore/international e-Commerce merchant account).
The process of acquiring, or applying for, an e-Commerce merchant account is different and depends on the provider itself (terms, guidelines and conditions), the type of e-Commerce merchant account and the e-Commerce merchant. For example, some types of e-Commerce merchant accounts can be setup in just a few minutes, while others will take days to approve a merchant. Fees and rates will also differ much.
Some of the types of e-Commerce merchant accounts are:
* Direct e-Commerce merchant account – a type of account usually applied for directly at a merchant bank.
* Local e-Commerce merchant account – an e-Commerce merchant account in one’s home country.
* Offshore e-Commerce merchant account – an account outside the country of the applying e-Commerce merchant. Also known, in some cases, as an international merchant account.
* High-risk e-Commerce merchant account – a merchant account for online businesses with a high percentage of chargebacks and returns; for example, adult, IP telephone cards, internet gambling, etc.
* Pharmacy e-Commerce merchant account – a specialized merchant account designed specifically for online pharmacies and drug e-Stores.
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