What is a merchant account and payment gateway?
To run a successful online business, you need to offer your customers the convenience of paying with credit cards. In order to allow your customers to pay with a credit card, your site needs to be equipped with a merchant account and payment gateway.
A payment gateway is a secure connection between your shopping cart and your Internet merchant account that allows you to accept credit card payments. A merchant account is a contract with a bank to accept online credit card payments from your customers. It handles Internet transactions in real-time without any human intervention.
HOW IT WORKS: