Menu

Do I need a Merchant Account for Payment Gateway?

11 Mar 2022 By PAYCEC

In order to process payments, you'll need a merchant account as well as a payment gateway. Here's a quick rundown of the major distinctions between the two. A merchant account is a type of holding account that collects information about payment transactions.

There are some erroneous conceptions commonly about the difference between payment gateway and merchant account, the business only requires one or the other. Actually, they serve 2 specific different functions: while the payment gateway brings a desired condition for online transactions and allows merchants to process them, the merchant account is a holding account which those payments first being sent to before being deposited into the regular bank account.

Learn more.

Have other questions?

If you need further assistance or answer, please don't hesitate to contact us.

Have other questions?

The Media

Finextra One IBC Yahoo Finance
About us

who we are

about us

We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

We will contact you shortly.

Email Phone
Scroll top