Get the resources software platforms need to Grow Boldly & Monetize Seamlessly! Visit now

Skip to content
Search

When you connect with BlueSnap’s Global Payment Orchestration Platform, we provide you with the merchant account.

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into your online merchant account, they are then transferred to your normal business bank account, where they can be withdrawn.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

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.

Here’s what you need to know about merchant accounts and payment gateways.

How do digital payments work?

Whether for B2B card processing or B2C card transactions, digital payments work the same:

  • The gateway captures the transaction request and either encrypts or tokenizes the information, then routes it to an acquiring bank.
  • The acquiring bank (which provides your merchant account) takes ownership of the transaction request. Its job is to get authorization for the transaction.
  • The issuing bank assesses the request: Does the customer have sufficient credit or funds? The issuing bank generates a response — yes or no — and sends it back to the acquiring bank via the card network.
  • The acquiring bank sends the response back to the payment gateway.
  • The payment gateway’s final job is to present the answer either back to the merchant or to the shopper directly (if you’re using a hosted payment page). 

Congratulations, your order is approved!

What is a gateway?

A gateway connects the merchant to the acquiring bank where the merchant has opened a merchant account.

Who can use BlueSnap?

Merchants around the world can use BlueSnap to accept payments in 200 geographies with BlueSnap local acquiring in 47.