answersLogoWhite

0


Best Answer

The main advantage and reason for an Ecommerce Merchant Account is that this account type gives an opportunity to process online credit card payments.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the main reason for an Ecommerce Merchant Account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting
Related questions

What are some of the features of a low cost merchant account?

A merchant account allows businesses to accept debit and credit card payments and have the funds processed and paid directly in to an account. The main advantage of a low cost merchant account is that it allows small businesses to keep more of their profits.


What are the benefits of opening a merchant processing account?

The main benefit of a merchant processing account is that it provides more options for your customers, which opens your business to a larger number of customers. It also ensures that you will receive immediate payments.


Why would a person require an online merchant account?

Some people would require an online merchant account as a quick, pre-approved way to pay for merchandise. It can also be a bit more secure where a third-party has your main account information.


What type of play is The Merchant of Venice?

The Merchant of Venice was written by William Shakespeare. It is considered a comedy. The main character is Antonio, the merchant.


Why has your account been disabled?

There are many reasons why your Facebook Account was disabled. The main reason would be because you broke one of Facebook's rules. Another reason would be if you are not 13 years old or if the information in your account is inaccurate.


What are the requirements that a merchant must meet to be able to accept credit cards whether it be in person or online or over the phone?

The requirements for acquiring a merchant account are basically the same, whether your business is a storefront operation or one that you run from your home. There are differences if you run an Internet business, which I will discuss momentarily. Before opening any merchant account, the main requirements are that the applicant must be the principal owner of the business, the business must be located within the United States, you must have a Social Security number, and you must be at least 18 years of age. In order to make the process of opening a merchant account go smoothly, there are a few things that you may want to have in order beforehand: * A copy of a voided check from the bank account into which you would like your funds deposited * A copy of your driver


Who is scrooge and what does he do in Christmas Carol?

He is the main character and he is a merchant, landlord and money lender


What is a primary account?

I think it means your main account or your first account.


what was the main reason for the expedition?

The main reason for the expedition was to explore and discover new lands, resources, and trade routes. It was also driven by a desire for wealth, power, and prestige for the sponsoring country or organization.


What does it mean to use this as account default?

It means to use 'this account' as your main account.


Which word best describes the main idea of the following statement from a Venetian merchant?

Secularism


What is the main difference between a a merchant ship and a whaling ship?

The crew on the whaling ship had all the oil they needed for their lamps, while the oil was scarce on a merchant ship.