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Merchant Account is a specialized commercial bank account established with a payment processor for the settlement of credit card and check transactions. Any merchant who wants to take credit card orders must establish a merchant account.

Internet merchants need a "Card Not Present Merchant Account" established by contractual agreement between a business and a bank and/or a payment gateway.

The agreement contains the respective rights, warranties, and duties with respect to accepting bankcards like Visa or MasterCard.

Many financial institutions offer merchant account, but at Superior commerce we make sure that you get the best value for your money as a part of your transaction processing solution.

You also need to open a business bank account (usually checking) to automatically deposit funds after transaction are successfully processed.

By establishing a merchant account, the financial institution agrees to pay the merchant for valid credit card purchases in exchange for the right to collect on the debt owed by the consumer. A merchant account is a crucial part of ecommerce.