Why Get a Business Merchant Account?

Getting a website to represent a physical or virtual store involves careful planning for a systematic mode of collecting payments instantly. You do not only have to make sure that you have a secure website, you also have to make sure that visitors and customers would pay easily on your site once they decide to avail one of your offered goods and services.

So, what really is a business merchant account? How it is different from a debit or credit card or even a bank account that accepts payment by direct deposit? Do you really need a business merchant account?

A merchant account lets you get paid quickly without getting into a credit trap. This kind of account is not so expensive and is rather affordable with all the great benefits that it could do for you and your business. This is radically different and more convenient to use than the processing payments with credit cards in its classic sense. The system has a lab terminal that lets you process orders and payments directly from your web browser. The site is greatly secure that they even tie up with larger businesses and companies to further optimize this service.

Some of the well-known merchant accounts that are being used for businesses today are PayPal, Costco and Google Checkout. Let’s look at each of these accounts and you decide which one will suit your business’ needs best.


This is a very popular application or tool in getting online payments for personal or business purposes. The basic reason of its popularity is that PayPal is very easy to use and is more convenient and comes free of charge for a personal or premium account and merchant tools charges little fee for setting up your business merchant account.

As part of system restrictions, PayPal limits some activities especially pertaining to withdrawal as a security measure. What sometimes annoy most business people with PayPal is that it is a famous tool on eBay where almost all stuff are sold for a garage sale price that gives a negative impact on their business credibility and profitability.

Costco’s Merchant Account

This provides greater ease in processing credit card payments with the help of Nova Systems. Costco’s business account lets you get a lot of savings ranging from $25 to $50. It offers higher rates of discounts with MasterCard and Visa. You can even use Discover and American Express cards to your system. What’s even more interesting with a Costco business account is that it offers a direct transfer feature for instant funds to your business bank account instead of waiting for a rather slower process on regular invoicing and billing patterns.

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