A merchant account
is a special account at a bank. It allows e-commerce companies to make credit card payments and receive the revenues from them. The financial fulfillment part is
and obtained as merchant services from professional financial service providers. Thereare usually at least three parties involved in the processing of a credit card transaction:
the consumer's merchant bank, the clearing house, and the e-commerce company's merchant bank. Once the credit card information is received, merchant software prepares the transactions through the clearinghouse. It authenticates credit cards and checks the credit limits of the card.