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Merchant account and its related Services

Posted by sjoshi in Finance on October 11th, 2014

A merchant account is a type of bank account which is setup to collect payments for goods and services and is granted by an acquiring bank to online retail business owners. This type of account will allow merchants to initiate the payment process by collecting credit card and billing information and then bank will accept the responsibility of processing the transaction and transferring the funds buyers account into the merchant’s account. Given this whole process, merchant is trusted to provide the goods or services in a timely and professional manner.

These types of services are provided by merchant account providers also known as payment service providers (PSP), who provide such services to online retailers like Flipkart, Snapdeal, etc. To process this particular type of payments, these providers have to follow strict industry guidelines. These merchant account providers act as middle-men between the acquirers and merchants, and provide the needful mail order merchant services.

Merchant accounts are of many different types: Aggregate Merchant Account, Sponsored Merchant Account, Direct Merchant Account, 3D Merchant Account and Mail Order and Telephone Order Merchant Account.

Aggregate Merchant Account: This type of account is also known as Third Party Payments Aggregation (TPPA). Merchants who own this account do not sell their own goods or services. As a result they charge an additional amount to the buyer for providing services as they do not own that particular product or service.

Telepone Order or Mail Order Merchant Account: Merchants who accept payment through mail or telephone opt for Mail Order Merchant Account or Telephone Order Merchant Account. In this type of transaction, buyer will send in a mail order form with the credit card details mentioned and merchant will manually enter those details in a virtual terminal. The only thing required in such accounts is merchant must be logged into a secured website to fill in the confidential card details of the customer.

High Risk Processor helps merchant to make things run smoothly by providing aggregate merchant account service and phone order or mail order merchant account services. If you have any queries, log on to or feel free to call us at 888-302-8472888-302-8472 .

If you are looking for the service provider that helps you in the mail order credit card processing then you are at the right place.  To learn more about offshore merchant account for your business and for more info, please visit our website

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Joined: April 3rd, 2014
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