Getting A Third-Party Merchant Account
To repeat, an Ecommerce Merchant Account takes credit card information from your customer, processes it, and then deposits the money into your associated bank account.
You can decide to go with a Third Party Merchant account like PayPal, Square, or Stripe. With these services, you don’t need a Payment Gateway or your own Ecommerce Merchant Account. These services are all-in-one providers. But, the per-transaction fee is higher than having your own merchant account combined with a payment gateway.
Third Party Merchant Accounts are suitable for businesses that only have a few items to sell or if all you want to do is accept payments for services online. You can call any of the above companies, and they will run you through their charges. I highly recommend you do this, so you feel confident in your decision-making.
Third-party merchant accounts are not perceived to have the same level of professionalism as having your own Merchant Account and Payment Gateway.