Accepting credit card payments
In order to accept card payment there are two approaches that can be used.
Using your own merchant account. To do this you will need to open a merchant account which will still need you to have certain qualifications. This approach is better because the account provider is that one that does most of the account maintenance for you.
Third party merchant account. With this approach you do not have to open a merchant account but will use another person’s account. The set up fee is lower compared to opening up your own account but the third party may decide you to charge you extra fee for using his or her account.