Ways to get a merchant account

A merchant account is a special type of business bank account that allows your company to accept various types of payments, usually debit and credit card payments.

There are two ways to get a merchant account; both request a contract:

• Agree with a member bank that has a processing relationship with Visa and Mastercard.
• Have a contract with a member bank's authorized representative, such as an independent sales organization or member member service provider (ISO / MSP).

The agreement means that your business agrees to abide by the terms and conditions of card credit markets.

Once your merchant account is made, you're ready to start taking credit card payments. It can be as simple as logging in to a software product, entering customer payment information, and clicking the Get Payments button to process a transaction and deposit funds into your bank account, once you've reached a great merchant account provider.