You can accept credit and debit cards, as well as ACH payments, on your website with an eCommerce merchant account. Simply explained, a merchant account is a contract between a retailer and a credit card processing firm that allows you to accept payments quickly, easily, and securely.
Merchant account for eCommerce also plays as a business bank account for eCommerce companies to collect funds from customers payments and store funds for merchants. Online firms can withdraw money from merchant accounts to any designated bank account.
Merchant accounts include a merchant management dashboard to help clients keep track of their business status, purchasing trends from buyers and predict any propensity.