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What You Need to Know About Merchant Accounts, E-commerce, and Payment Gateways
Whenever you read about an internet venture, you see phrases like "e-commerce payment processing" and "payment gateway". If you are just getting into the field, you should know a bit about the differences between a merchant account and a payment gateway - sometimes called an "e-commerce" payment processor.
Getting a Real Merchant Account or Using 3rd Party Processors Like PayPal(R) - Which is Better?
A lot of folks see PayPal, ClickBank and other third-party agents as the optimal method of doing business excluding a Merchant Account. This view is substantiated because there is usually no application process, and a few companies, PayPal for example, do not have any fees up-front.
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