Merchant Accounts

Online payment is a very efficient way to send or receive payments instantly. To use an online payment service, the buyer and seller generally set up accounts that allow them to make or accept payments.merchant account providers
Buyers provide payment information, like bank account or credit card numbers, and sellers give information about where payments should be deposited. In some cases, sellers do not have to create an account with the online payment service to receive funds. To complete a transaction, the buyer tells the online payment service to direct appropriate funds to the seller. The seller then gets immediate access to the funds. Most online payment services charge the seller to receive the funds, but some payment services charge the buyer.