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The electronic payment industry classifies a merchant account as “Internet” when credit card transactions are accepted through an e-commerce Web site or virtual terminal. The ISOs and Agents may require some technical expertise in front-end Web development to implement an Internet merchant account.

In addition to setting up online merchants with an Internet merchant account, the ISOs and Agents must configure the merchant account with a compatible gateway and shopping cart. Although a few more steps are required by ISOs and Agents to configure an internet merchant account, there is a lower attrition level for these accounts due to technical requirements needed for set up opposed to regular retail merchant accounts.

 

 

Merchant Benefits
  • 24/7 online shopping availability
  • Reach customers worldwide
  • No credit card terminals needed
  • Online transaction reporting
  • Minimal overhead costs
  • Recurring or periodic payments options

 

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