Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about ecommerce Credit Card Processing and other Shopping Cart topics.
When your eshop handles its own credit card processing, you will have to set up a merchant account. A merchant account is a relationship between you and a ecommerce credit card processing company that they will handle up to a certain amount per month of charges from your webstore for a percentage of sales (usually 1%-3%). When you set up this merchant bank account, you will register a bank account you want funds deposited into once they clear. Payments usually are deposited within three days into your bank account.
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