Merchant Account Solutions Payment processing is necessary for the success of any online business. There may be a perfect business but if a customer is not able to purchase product or service quickly that means business is not running properly. Unfortunately, many businesses try to put resources and time to put the business run is finding a correct merchant account solutions and credit card processing system. This offers the simple payment option because most of the online businesses accept payment with credit card or debit card. These are wireless system of accepting money and it is necessary payment processing system. Hence, get the perfect merchant account solutions according to the target market and implement them with credit processing company. What Is Credit Card Processing Merchant Account? The merchant account solutions and credit processing is an agreement between the credit processor and seller for establishing the rule of accepting credit payments on every purchase. Now, it has become a major portion of every online business including, pizza hut, clothing industry, gaming, and so on. If carries the ongoing electronic dealing of money in fast and easy way. With the help of this method, online business are growing and getting the absolute transactions and payment is few seconds. For this, many merchant account solution companies offers credit card processing. If your business is establish and there is less risk of charge backs and you can shop with lowest rates. Working process of merchant accounts Traditionally, in an online store, owner is allowed to accept the credit payment must grant through the merchant account by major bank. When the credit details is entered the merchant account verifies the customer information like-checking the details entered and correct address, card number, whether the card is stolen or have enough funds etc. For the overall processing, the bank will take charge either monthly or yearly. Monthly charge is applied for processing card details over phones. Means, the person availing the merchant account solutions and credit card processing will pay the some service charge as well as customer. Every transaction is charged some percentage of total amounts paid. If you have minimum monthly business, in this case you need to pay extra security or bond. Secure gateway for accepting payment online A payment gateway is secure but different from merchant account. It acts as interface between website and banking system. It is seamless process and customer does not interact with it directly. Means the credit details are submitted via this gateway that securely sends the card details through the appropriate financial network to the merchant account. For online transaction and payment, merchant account and payment gateway is required to process the payment online. However, owner of the company have to find this separately. Other steps for credit card processing: Credit card holder who swipes or enter the card details Merchant account holder Merchant account bank who hold the payment and process it Service provider who allows merchant account to accept card payment Credit card network who operates the credit card payment Issuing bank of credit card Merchant account solutions provider Online research proved that many companies are there offering credit card processing. Hence, choosing the right merchant account solution and credit card processing need proper research for minimal amount and require less charge back.