Internet Merchant Bank Account Fees: An Overview

To say the Internet is the new marketplace is an understatement. More accurately, it is the new global marketplace—a place that any merchant can be a part of with the help of an independent selling organization (ISO). The accounts provided by ISOs are bank accounts that allow merchants to accept and process debit, credit, and check payments, whether in store, on the go, or online. For many businesses, an online account is the most lucrative, as it reaches customers globally. Nevertheless, like all merchant accounts, an online account involves fees; seven of those fees are profiled below.