{"id":676,"date":"2013-10-24T04:35:50","date_gmt":"2013-10-24T08:35:50","guid":{"rendered":"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/?p=676"},"modified":"2013-10-24T04:35:50","modified_gmt":"2013-10-24T08:35:50","slug":"how-to-accept-credit-card-payments-online","status":"publish","type":"post","link":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/how-to-accept-credit-card-payments-online\/","title":{"rendered":"How to Accept Credit Card Payments Online"},"content":{"rendered":"
\"Payment<\/a>

Credit: Flickr<\/a><\/p><\/div>\n

You will be happy to learn that these days there is less hassle when setting up credit card payments online. In the past, companies were required to open a merchant account through a bank in order to be able to accept credit cards. Today, several services enable you to accept credit cards online without opening your own merchant account.<\/p>\n

With more than 50 million users worldwide, Paypal is probably the most widely used such service. The company\u2019s Payflow service is a turn-key solution with several added advantages such as recurring billing and fraud protection.<\/p>\n

If you still want to take actual credit card payments online, a merchant account service is your best option. To open an Internet merchant account, you must fill in a merchant application and provide support documents. First, you must supply proof that you established a checking account\u00a0for your Internet business.<\/p>\n

If you have sole proprietorship or a micro business, you can open either a personal checking account or business checking account. If you opt for a personal checking account, the account must be in the name of the sole proprietor. If your internet business is a corporation, you must set up a corporate checking account.<\/p>\n

This account will be used to deposit sales generated through your internet merchant account, but also to withdraw fees such as online payment gateway fees.<\/p>\n","protected":false},"excerpt":{"rendered":"

You will be happy to learn that these days there is less hassle when setting up credit card payments online.<\/p>\n

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