There are different types of merchant accounts, and Internet merchant accounts are one of them. Such accounts can be applied only for online transactions. To process credit card payments one has to utilize a payment service gateway. These forms of gateways are now division of most business web hosting packages. They can be tailored to provide to the necessaries of merchants. The transaction cost charged by Internet accounts is more than the retail and Mail Order-Telephone Order (MOTO) accounts. At the same time, as operating an Internet merchant account, security is an imperative issue. The nature and level of business decides whether you want an Internet merchant account or not.
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