15 Mar 2022 By PAYCEC
To accept Visa MasterCard payments, online companies should create a combination of merchant account and payment gateway. This combo helps merchants collect payments online and withdraw funds easily as well as manage cash effectively.
A merchant account is a special kind of business bank account that lets you accept credit/debit Visa MasterCard payments. You can apply for any merchant account from the acquiring bank that you prefer. Normally, many ecommerce firms use EUR or USD business bank accounts to acquire money from online customers.
Payment gateway is a software that connects online stores and the merchant account, facilitates Visa MasterCard payment processing data from a variety of players namely consumer, merchant, card processor, card schemes network, issuing bank, acquiring bank.
The steps for integrating the Visa payment gateway are not as difficult as many non-technical individuals believe. The Visa payment gateway website connection does not necessitate the use of a professional development team. Open source APIs appear to make these deployments easier nowadays. All you have to do is follow these simple steps via this link below:
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