If you are someone who has a business on the internet, it is highly likely that you have heard of the term merchant accounts.  What exactly are these accounts though, how do they work, and how can they really help your business?  When you think about business, the ability to be able to accept credit cards has never been more important.  Merchant accounts give companies the ability accept credit cards, and these accounts act as an intermediary of sorts between you and the overall credit card company.

The way a merchant account works is that when you take in a credit card payment, you take in numbers such as the credit card number, expiration date, credit card company, and so on.  From there, the credit card information is sent to a terminal that is operated by he merchant account organizer or lead person.  From there, they will interface with Visa, MasterCard, and other credit card networks.  When this is done, the merchant account takes the information and forwards it off to the appropriate financial institution so that they can actually process the payment.

Merchant accounts are not as complicated as you may think as they are basically an intermediary between you, your company, the customer, and the credit card company itself. Companies have become experts in setting up these accounts, companies such as Solidtrustpay. Payments come in through your site but instead of you handling credit card information, the merchant account records it all.  Solid trust pay can have a merchant account up and running for your website in no time.