How to Set Up Online Merchant Accounts
An online merchant account is a way for businesses and individuals to accept payment from customers, friends and colleagues over the Internet. It eliminates the need for the parties to meet face-to-face to complete a transaction. The payer can send cash instantly to the other person via credit card or a checking account. Before attempting to set up an online merchant account, make sure you read the service's requirements, terms and conditions.
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Instructions
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Create an online merchant account with PayPal. This is one of the most popular online payment processing services on the Internet. An individual or business owner with a valid checking account can create an online merchant account using this option for free to accept payments via email or a website. The service also provides a free shopping cart solution for webmasters. PayPal offers specific solutions to support common industries, like nonprofits and educational institutions.
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Consider Google Checkout as another option to set up an online merchant account. This service is also free to sign up---the user must pay a per-transaction fee that varies depending on monthly sales. Google Checkout also offers a gadget that helps you build an online store. It also offers a payment guarantee that pays the merchant even if he has to deal with a "charge-back" from a payer.
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Try PaySimple as another way to set up a merchant account online to receive payments. This solution works whether the merchant has a website or not; the service creates a secure custom payment page for the merchant to send to customers who owe money via email. You can also set up recurring payments (ACH or credit card withdrawals) using PaySimple, such as in the case of a subscription to a magazine. This service requires a regular monthly fee in addition to a per-transaction fee.
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References
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