Merchant Services Accounts

According to the IRS, you’re open for business when you can provide a product or service and accept payment for it. However, they don’t specify how you must accept that payment.

If you’re used to taking cash and are now faced with the prospect of signing up to accept credit cards, the process may seem a bit overwhelming.

Just the terminology alone can be confusing … shopping carts, gateways, merchant services accounts, bank accounts – all these pieces need to fit together seamlessly for a client to get their purchase and for you to get your money.

In this video Jim Anderson, CEO of Electronic Commerce International Inc. and 18 year industry veteran, will help us understand the world of credit card payments.