Online merchants need the ability to process payments online, including credit and debit card payments. In order to accept payment cards online, merchants need to establish a merchant account with an acquiring bank. They may also work with a payment processor, who provides a payment gateway through which customers can enter their credit card information online.
There are many types of payment services providers that can assist merchants with establishing merchant accounts, setting up a payment gateway and finding the right solutions to help make payment processing more safe, secure, and streamlined.