The Benefits Of Having A Merchant Account: An Overview

Not that long ago, most businesses accepted payment in the form of cash or check only. But in the last 30 years, other forms of payment, particularly credit and debit payments, have become more popular than playing with paper.

Businesses having merchant accounts that reflect the buying preferences of contemporary consumers-accounts that include credit and debit payment-is key to maximizing their bottom line. You can hire an expert ecommerce accountant via

Whether you're just starting a business, or planning to take your small business to the next level, having at least one merchant account from a merchant services provider will be key to your success. Below are listed few reasons why.

Waiting on a check to clear, or on standard credit card payments to post to your account can take several days. But an ACH (Automatic Clearing House) account can shorten the transfer process to 1-2 days.

In terms of payment options, the best way to maximize your sales is to maximize the number of payment methods you accept.

A merchant service allows you to do this by providing multiple payment options: over the Internet, by secure check, and through various credit and debit channels (e.g., Visa, MasterCard, Discover, and American Express).

Until recently, accepting personal checks was a nervous affair; if the payer passed a bad check, he was often long gone before a business realized the check was bad.

Today, however, check processing software can eliminate the acceptance of bad checks by ensuring customers' accounts contain the funds required for the purchase. The software can also turn checks into electronic transactions that put funds directly into your accounts.