Virtual Merchant Online Internet Payment

What is a Virtual Merchant?

A virtual merchant is a business that sells products or services online and accepts credit card payments for online transactions.  A virtual merchant accepts payments through a payment gateway, which in turn bills the customer's credit card, and then provides the merchant with the payments via a merchant account.  The end result is a customer makes an online purchase for goods or services and a payment is made to the business all from an e-commerce website.


There are additional ways a virtual merchant can accept payments as well.  For instance, a virtual merchant can accept payments through a V-POS (Virtual Point of Sale).  By definition at Wikipedia, a Virtual Point of Sale is a web application that can be used by credit card merchants to enter credit cards manually for authorization.  Most payment gateway companies offer this type of service.  A great example of a Virtual POS is Authorize.Net, which is the major player on the market and a great place to start if you need a payment gateway for your website or shopping cart.


Another way you can accept payments is with a mobile credit card reader.  Accepting payments "on the fly" is very popular and trendy right now.  But beyond that, it's also very vital as customers and business owners are interacting at the point of commerce like never before.  So you don't want to lose the opportunity and miss out on sales no matter where you are.  Most payment provider companies offer a mobile platform to accept mobile payments, usually with a free credit card reader, so be sure to ask when searching for a provider.


Accepting Credit Card Payments Online


Most shopping cart programs or e-commerce website companies offer built in integrated credit card processing to accept payments online.  Most of the time this is the best method to get started because all the transaction data is managed by the shopping cart program and the integrated merchant provider.  This makes the process of getting merchant services very easy and eliminates shopping for another payment provider.  However, and this is a big however, by going that route you're essentially "married" to the rates the shopping cart merchant provider is offering. 


By shopping for other providers you have the ability to potentially save on your credit card processing.  So keep this in mind; you might be able to find a better rate, but be sure the payment gateway/merchant provider is integrated with the shopping cart software BEFORE you decide to sign up for the software. 


All in all, accepting payments online is quite easy.  You just need 3 things.  You need a virtual merchant online account or payment gateway, a merchant services account, and a shopping cart program.  By adding all these pieces together, you'll have the ability to start your own online business and accept payments on the web!

In our society today, all types of business owners are always looking for ways to save money. Regardless of what it is that they have to do as long as it saves them more money to gain more from their own businesses, they will go for it. One of the things that these business owners should do to save money is to think about choosing the right credit card processing and merchant services company. Every bit of dollar that small business owners earn is really important. So what should these small business owner look out for when they decide to process their own credit card?


One of the commonly questions asked regardless what type of credit card service will you be getting is how much will you be charged. When talking about charges, there are just so many fees that you need to take note of when setting up your very own merchant account. And because of this, it is really important that you know just where you should start looking to find a reliable credit card processing service. Another thing that you should work out as well when you are hunting to find the best credit card processing service is to always do the math in terms of their charges so you will know which of these merchant services offer the cheapest one for you. Make sure that you are well aware of what good will the fees do to you and your business and always compare the rental fees, monthly fees and all fees possible.


Know how long should you be staying with the credit card processing service. See how things go in your first couple months with the company and see if you actually are saving money instead of the other way around. Do not stay with companies who have poor customer service because communication is really important in this type of business and you should also know what the process should be if you decide to terminate your account.


Because customer service at is important, you should also inquire and ask about their mobile applications and will the terminals be available when you only have WiFi. Check to see just what type of services each of these companies have to offer and always go for the best one from the number of services and companies that you can find.


 Check for reviews and how they handle their previous customers or their current customers so you will have a good view on what you will get in case you decide to go for that particular credit card processing service.


Finance is really the fuel of the businesses in different industries. This is known to be the foundation of a new enterprise and this can permit various opportunities for the growth of the business. Moreover, this allows expansion plans as well as this protects the business from the unforeseen circumstances. Thus, it is very important that you manage your money in the right manner.


Actually, there are two steps when you would manage the business finances and they include establishing the merchant account as well as implementing the agreement for merchant processing. These steps are certainly prerequisites to get started with the credit card processing for your business. In the current day and age, people don't usually bring cash when they go somewhere and this is the reason why there are many businesses these days that accept card payments. Actually, this can also determine how advanced is your business.


When you are so familiar with the merchant account at, you must know that this is specialized for accommodating the merchant's business requirements by permitting him or her to accept the gift cards, credit card, and debit card payments and also other types of electronic payments that are made by the customers for the services and goods of the merchant.


Be aware that there are actually four important things in the merchant account and they are the customer, the merchant, financial institution of the merchant holding the account and the card issuer of the customer. IF the customer would buy the goods and services of the merchant by paying for this through the electronic medium that is issued to him by the banking service, then the transaction is forwarded onto the merchant's bank or financial institution for approval. If the transaction is approved by the financial institution where the merchant holds the account, the amount is credited to the account.


 With the credit card processing services, these offer the merchants with various benefits for the accounts of the merchant. Getting an experienced and also a reputable credit card processing service provider can be very advantageous to the business enterprise. Here are few of the advantages that you will be able to get if you choose to go for affordable credit card processing. One is that the merchant processing companies offer the packages which depend on the size of the business and the industry that it belongs to. With the use of the merchant account, then the customers will have a more convenient method of paying for goods and servces.