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Finding An Internet Merchant Account: A Guide For Small Businesses

The right internet merchant account will let your business take payments online while fitting your budget, but that’s not all an internet merchant account provider can do for your business.

    Jason Vissers
  • Last updated onUpdated

  • Frank Kehl
  • REVIEWED BY

    Frank Kehl

    Expert Contributor

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Key Takeaways
  1. An internet merchant account is a specialized business account where funds from credit and debit card transactions are deposited before being transferred to your business bank account. It acts as a middleman between your customers' payments and your bank, facilitating the verification and transfer of funds.
  2. Traditional merchant accounts offer greater stability due to extensive underwriting but may come with higher costs and requirements. Third-party processors like PayPal, Stripe, and Square offer simpler setup and lower upfront costs but may pose risks of account holds and terminations due to less rigorous initial underwriting.
Jason Vissers

Jason Vissers

Expert Contributor at Merchant Maverick
Jason has been writing about small business software platforms, services, and financing since 2015. Jason’s expertise has been featured in Yahoo Finance, Time/NextAdvisor, Home Business Magazine, CreditCards.com, GoBankingRates, TheLadders.com, and other publications. He has a bachelor’s degree in Political Science from San Diego State University and currently lives in Philadelphia, Pennsylvania.
Jason Vissers
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