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Internet Credit card processing company requires more security and agressive fraud controls than retail credit card processing because the credit card can not be verified by swiping the credit card as if you do with a retail merchant account. Because of this it is rather crucial that you handle a company that focuses primarily on internet transactions and Internet Merchant Accounts.

An Internet Merchant Account does not need a shopper's signature and it has requirements beyond an average card-not-present or retail merchant account. If you already have a merchant account, you should verify that the merchant account supports credit card payments on the internet.

A Merchant account company creates merchant accounts which is really a type of bank account that enables businesses to accept payments by debit or bank cards. A merchant account also serves as an agreement between a retailer, a merchant bank and payment processor for the settlement of credit card and/or debit card transactions.

How much does it cost?

Application fees range from $00 to $150 and monthly fees vary widely from $20 - $65. Make sure you browse the contract to see any monthly minimums and additional service fees.