A merchant account can be defined as a special or specific bank account for the merchants who deal in online businesses or trading. Once your application of a merchant account get approved, the merchants get a unique MID or Merchant Identification Number, which acts as an account number for your merchant account. It helps in processing card transactions and allows the merchants to move funds from their customer’s accounts to their business bank account, once their payments are authorized and ready to be settled by your acquirer.
Why merchants need an Online Merchant Account?
Online business is full of uncertainties and there are many possibilities that the products and services you sell, may get cancelled or claim for refunds. Depending on the vertical you’re operating and the nature of your business, at times asking for returns and refunds generates a certain level of risk in the transaction process.
Hence, having an Online merchant account simplifies the way you get paid and your payment gateway collects payments in your merchant account and combines them into one single deposit for your bank account that helps in making reconciliation easier.
Why Choose ClickZep Services?
ClickZep offers reliable solutions to the merchants that are specially customized and designed to maximize the profit for their eCommerce business. With our highly experienced professionals, we cater to your every business need and work towards giving you your best experience. Here are some of the features that will give you a wider perspective of our services:
• ACH Processing
• Hassle-free Approval
• Low Rates that Help You Stay Profitable
• Establish Long-Term Credibility
• Chargeback Prevention
Application Process for Opening an Online Merchant Account With ClickZep:
- Fill the online application form with all the necessary documents. Below is the list of all the necessary documents that are required to apply:
- All your company details including Name, total sales, and other information
- Valid business owner identification
- Bank statements ranging up to 3 months
- Documents of incorporation.
- Any other document as requested upon application.
2. One of our professionals will contact you to discuss your needs in detail
3. Through our experience and expertise, we will find the right merchant account that would suit your business preference
4. Once your application is approved, you will be ready to take your online dating merchant account and will be ready to accept the payments
We at ClickZep are here to make the process easy and quick. Get in touch with us now and get instant access to your online merchant account and take your business to new heights.
Read our another blog post : Best Payment Gateway India
Online Merchant Accounts 