What is an E-Commerce Merchant Account?
The sale of goods and services has changed as a result of eCommerce’s explosive expansion. Online shopping is done by around 2 billion people, or 25% of the world’s population. 14% of all retail sales already involve payments made through e-commerce.
The specialized bank account that enables you to accept and handle credit card transactions from online customers is known as an e-commerce merchant account. When a consumer makes a purchase on your website, the money is transferred from their bank account into your merchant account through a secure payment gateway.
Online merchants can take credit and debit card payments with the help of ecommerce merchant accounts. Including other payment options is frequently done as a quick and easy strategy to boost sales. The more payment options you offer, the more sales you make.
Why E-Commerce Merchants need to apply for a Merchant Account
Are you Eligible for an E-commerce Merchant Account?
IntegralPay tries to be as flexible as possible with our clients. We consider each application based on the circumstances of the business owner. You will receive fair treatment throughout the review process.
Do you have questions about our review process and merchant account eligibility requirements? If so, contact our team to have all your questions answered.
Supporting Documents Checklist
- Drivers License or Government Issued Photo ID
- Document showing Proof of Company Registration (Sole Proprietorship, LLC, ETC)
- Voided Check/Bank Letter
- 3 Months Bank Statements
- 3 Months Processing Statements (if available)
- Articles of Incorporation
- Fulfillment Agreement (if applicable)