An online merchant account is a specialized account with the bank allows the merchant to accept online transactions using credit or debit card. With a number of dealers who choose to fast for online businesses, presence of an online merchant account is a necessity.An important factor in choosing a merchant service provider determines the cost with a merchant account is assigned. These costs tend to vary from provider to provider and is usually high. Therefore, many online business tend to get anxious about these companies accounts. In order to increase their business, service dealers or banks are always with innovative business strategies. Such a strategy is to offer free merchant accounts. In this context it is important to understand the difference between a paid merchant account and a free...