Accept Credit Card Payments
Today just about anybody can start a business selling their products and services online. In order for this to happen, you’ll need a payment processor to be able to accept credit card payments.
Back in the day, you needed a Merchant Account and Payment Gateway. Nowadays, it has been simplified.
Merchant Account
A merchant account is an account where your payments are processed.
Payment Gateway
A payment gateway makes the connection between the merchant account and your bank account. Without this, you will not be able to accept credit card payments to your bank account.
There used to be many reasons why this was separated into two parts, but the main reason was choice. Companies can set up their Merchant account up with any provider, and then choose any other company to process the transactions. It allowed flexibility in the fees.
We deal with apayment gateway processor, Bambora.
