Any present business can’t operate without accepting online payments. Not only do they receive payments online, but they pay their expenses online. This saves a great deal of time to commercial establishments.

Let us discuss online business account options available today.

PayPal

PayPal has become the most widely used online payment gateway. They offer two types of accounts. One is buyer account and the other is merchant account. Merchant account is what we are talking about. This account is meant to receive payments from customers directly by paying a small amount of transaction commission to PayPal. The company has come up with advanced and easy to use API (Application Programming Interfaces) which can be readily deployed in any website.

Credit Card (Master or Visa)

Almost all top banks offer credit cards to merchants.

This card would be registered under company’s name. With credit cards, buyers can pay directly to merchant account either through internet or telephonic banking.

Getting payments online using credit cards may not be a very simple process as that of PayPal. Here one has to go for third party payment gateways like 2CheckOut, Authorize dot net etc. They would charge for initial set up and would provide the merchants with easy to use API. With this API webmasters can integrate the payment processing by customers with the API. This would effectively direct the payments to the merchant credit card numbers.

Apart from the above two methods discussed, there can be other types of accounts where merchants can receive funds via bank wire methods. However, before deciding a method and account type, business owners should read the regulations and terms of service by the provider.