Simply put A merchant account is the ability that accept credit cards as a means of payment for goods and services that you offer on your website or an online shop (like eBay), or brick and mortar retail establishments. This is it. Any worry about needing credit card processing services for your eCommerce business or any other company has come to a complete halt.
If you're establishing an online site that can benefit from processing credit cards you may require an online shopping cart if your site provides such items and/or services. To manage the accounting process of your business you can hire an expert ecommerce accountant.
The majority of companies that offer merchant accounts don't have the required software to put the cart on your website, however, better services will help guide you on the right track by providing links to sites that offer the required products to get your site up and up and running. Beyond that, it's just a matter of having to be aware of a few details about merchant accounts.
When you have decided on the appropriate solution for you and your company, you'll be required to complete the online form. Once it's received, the service will mail you a Cardholder Electronic Data Storage compliance form you'll have to sign before sending it in by fax or email. It will also include an information page that includes the fees schedule as well as your Merchant ID number and directions to proceed.