Payment definition glossary
What is a merchant account?
To accept payments online, you need a merchant account. This is required for all businesses that wish to process online card payments. If you do not have a merchant account you can use the services of a merchant account provider /acquiring service.
NETBANX is a merchant account provider
We are one of the few payment service providers that can collect and process card details on behalf of the merchant without requiring a merchant account – an ideal choice for start ups who need to get started straight away.
Want to know more about merchant accounts? Download your free report >> Simplify and save: What to look for in a merchant account provider
More payment definitions
Asking yourself “what is PCI compliance?” Find out about more payment terminology from our payments glossary.
