Argus Learning Center



Merchant Account For Beginners

A merchant account is the ability for a business owner to accept credit cards online or in a retail atmosphere. It allows you to accept the credit card transactions for which gets processed and deposited into your bank account. There are many avenues of accepting credit cards by going online, credit card terminal and even wireless.

If you are a retail business or online merchant you will have to accept the merchant account responsibility to expand your resource capability in the way of credit cards and soon to come smart cards. I receive many questions on how to buy the latest equipment without them even having the merchant account setup. Always do the research on the merchant account first and then purchase the compatible equipment.

Merchant accounts and accepting credit cards online can be the most important step you need to take to enter the world of internet commerce.

A merchant account is an industry term when a business owner / merchant and a bank have contracted to accept credit card payments. Establishing an account with a bank, Independent Service Organization (ISO), or Merchant Service Provider (MSP) allows you to process credit card transactions or electronic payments received from your customers. The bank, ISO, or MSP will deposit the sale proceeds into your business checking account, less a small commission.