All businesses looking to sell products online need to open a merchant account to accept card payments. A merchant account is an account provided by your payment processor that receives the funds from your online transactions. Once the funds have been deposited into your online merchant account, they are then transferred to your normal business bank account, where they can be withdrawn.
What You Get with a BlueSnap Merchant Account
- A PCI compliant solution
- Fraud prevention built-in from an industry leader – Kount.
- Multiple Integration Options – APIs, hosted pages, shopping carts, etc.
- Settlement from multiple acquirers to one account facilitating reconciliation
- Alternative payment methods in addition to credit & debit cards
- Pre-built Integrations to your accounting portal or business management software
Merchant Account Vs. Payment Gateway: What’s the Difference?
These concepts are among the most confusing of the online payment world—and the most important. Both are critical components of your payment processing solution and are necessary for you to receive funds. But even though they go hand-in-hand, not all payment platforms include global merchant accounts, unless you use a Global Payment Orchestration Platform provider like BlueSnap.