Merchant Account or third party merchant account? Merchant Account
- funds from your customers are directly deposited to your personal or business bank account
- control over your account because it is regulated by the Federal Banking Regulations
- set up your account to accept credit cards, gift cards, tele-check and other non-cash Internet transactions Third party merchant
- funds are deposited to the third party account
- if they aren’t a bank then the Federal Banking System does not regulate them
- may freeze your account
- limited to accepting payments based on the third parties regulations
- takes longer to receive your money from the third party account






