A Merchant Account is most certainly the most cost effective manner for a business to accept credit card payments. As we discuss in our ‘Doing It Without A Merchant’ section of the site, B2B Merchant Accounts are not the only way for a business to accept credit card payments, however, they are the simplest way. Once a business establishes a merchant account and has a company that will authorize the payments online, it will be able to accept credit card numbers on the website and receive payments due for a determined transaction. It’s that simple!
In order to save time and money on processing and transaction fees, B2B merchant accounts must be set up properly. In order to achieve maximum profitability, accepting the Purchase card at the lowest cost is key. B2B merchant services range from low-risk ecommerce sites to high-risk operations such as gaming, forex and online casino businesses.