What is International Merchant account? How does it work?

When it comes to doing business offshore then it became necessary to get International merchant account providers services. A merchant account is considered as the middleman that lets companies to accept credit and debit cards in person and online.A merchant account is created to process electronic payments by transferring funds between customers' and merchants' banks. The merchant account works behind the scenes to withdraw funds from the customer's bank and deposit them directly into the merchant's checking account during a sale. But at the time of refund, this process works differently. 

There are few questions on offshore high risk merchant account like how a merchant account works, what to look for in a merchant account and how small businesses can get one?So, read ahead to get the simple answers. 

How does a merchant account work?

Whenever the credit card transaction is processed, information must be sent to a payment gateway to see if the cardholder has sufficient funds. But this is generally part of the point of sale (POS) machine for traditional transactions, which reads the cardholder's data and checks with the credit card company to ensure the transaction can go through. It is called a "swiped" or "card present" type of merchant account, which can include retail, restaurant or lodging merchants.

On the other hand, in a "keyed" or "not present" transaction, this is done online by a payment gateway, which connects to the credit card company. These kinds of merchants can include telephone order companies, mail order companies or e-commerce/Internet merchants. Once the merchant account sets up, the same company, called the payment processor, is free to set up the payment gateway in the same process. 

The bottom line

If you are looking for a re-seller company to avail the services for international payment processing, then here you are in the right place. QuadraPay is a promising reseller of well-known international payment processing companies.