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. An Internet Merchant Account is does the exact same thing, but allows for payment to be accepted from the Internet. These banking accounts manage the transfer of money from your customer's individual credit card accounts into your business account. Your current bank may offer this service.