Credit Card Merchant Account: Types of Credit Card Merchant Account Services

Types of Credit Card Merchant Account Services

You’ve surely read or heard about an ’online credit card merchant
account’ or an ’internet merchant credit card account’, which
is the same as the first one. These are used to process your clients’
credit cards. But have you heard of credit card processing without a merchant
account? Yes, there is, in fact, a way to have the privileges of a credit card
merchant account service without having a merchant account. It is called a third
party credit card merchant account service.

A third party credit card merchant account service does allow you to accept
credit cards without a merchant account. Third party credit card merchant account
setup is as easy as any other credit card merchant account program setup. It
isn’t as cheap as a cheap credit card merchant account, though. A third
party credit card processor system works as follows: the clients’ details
are encrypted and sent through a secure gateway to the third party merchant
account credit card acceptance service provider. The third party merchant account
for online credit card processing service than sends the encrypted information
through another secure gateway to the bank. The bank ’sees’ the
service provider as a merchant, and the transaction occurs between the bank
and the third party credit card merchant account provider, you, as a third party
merchant are not involved. This is one of the ways of how to accept a credit
card online without a merchant account.

Another type of credit card merchant account service is a high risk credit
card merchant account processing service. High risk credit card merchant account
processing is turned to when normal internet merchant account credit card processing
service providers decline your application for a credit card merchant account
due to the high risk involved. High risk businesses are usually considered online
dating services, online auctions, online casinos, PC software and hardware sales,
and more (the list is rather long). If you own an online casino or gambling
business you shall have to use casino credit card merchant account services,
which is a subtype of high risk credit card merchant account services.

An offshore credit card merchant account is another type of credit card merchant
account. The terms and conditions of needing and getting an offshore credit
card merchant account are a little different from those of a high risk credit
card merchant account. You may have to consult a specialist to find out which
type of credit card merchant account is best suited for your business.

And remember: you should always compare one credit card merchant account with
others on the market before signing up for its services.