SETTING UP MERCHANT ACCOUNT

One of the basic steps in setting up online merchant accounts is selection of the right one to set up as there are many ecommerce merchant account providers available and they have several different plans which have been designed to match the requirements of your online business.

Once you have understood the fees of setting up a merchant account and matched the right account to the needs of the business, one can start off with the process of setting up the account. One of the first step involves provide basic information.

After exchange of basic information, you would be required to select a user name and password and this is important as the user name and password will be used for access the gateway where credit card payments can be transferred to the business checking account. If the username and password is compromised with it would not be any good. One needs to select the password with care and attention which is given to high security internet transactions.

Once the password has been selected and you have entered the secure side of the website, you will need to offer more information. Social security number will be required and in case you are incorporated, a Federal Tax Identification number would be required.

Account number and routing number of the checking account used by your business will also be required. Some account providers will need to make a small deposit to the account at this time and you would have to enter the exact amount deposited for verifying the transaction and activating the account. This is a security measure for guarding against fraud and the amount deposited is generally less than one dollar. Once the account gets activated you would be able to access the gateway freely and take gain of any extra services being offered. You would also be able to learn the exact procedure for activation of the payment window on your website and how to link in the shopping cart feature if it has been made available.