The ability to sell through e-commerce has presented business owners with many exciting opportunities. It has allowed them to enter new markets, tap customers worldwide and increase their sales. To sell online and leverage the power of e-commerce, the businesses need a website, merchant account, and eCommerce merchant services. The challenge lies in accepting payments online for a merchant as it requires a payment gateway and merchant account. Accepting online payments can be simplified by taking the services of merchant account service providers. Ecommerce merchant services\u00a0process online payments for businesses. They provide payment solutions that easily integrate with a business's web store.\u00a0 Let us now dive deeper into e-commerce payment processing solutions. Basics of Ecommerce Payment Processing Whether large or small, all e-commerce merchants need a merchant account, payment gateway and eCommerce merchant services to accept online payments. Let us discuss these in detail: \tMerchant Account It is a bank account that allows e-commerce merchants to accept payments in multiple ways. It enables companies to accept credit\/debit card payments and other forms of electronic payments. Basically, a merchant account is an account in which you transfer funds from your customer's debit\/credit card after completing a purchase. A merchant account is the holding account where the payment first comes after a payment gateway approves it, and after few days, the payment gets transferred to your regular bank account. \tPayment Gateway A payment gateway is an interface that securely collects and transfers payment data from the customer to the acquiring bank. A payment gateway encrypts sensitive card details, securely passes them from the customer's end to the acquiring bank. A payment gateway authorizes the transactions and fulfills the payment between a customer and merchant. \tE-commerce merchant services Ecommerce merchant services\u00a0enable companies to accept debit card and credit card payments for products and services sold.\u00a0Ecommerce merchant services online\u00a0act as intermediaries between the company wanting to receive funds, a person willing to purchase goods and a bank. Merchant services are solutions companies rely on for processing payments from customers.\u00a0Merchant services\u00a0give companies access to tools such as card payment processing, point of sale systems, merchant accounts and online payments.\u00a0 Services to be Offered by E-commerce Merchant Services There are two key components to eCommerce merchant services. First, a merchant account that enables companies to accept credit\/debit card payments and other payment methods. The second component is the payment gateway through which card details are passed to banking networks for approval.\u00a0 Ecommerce merchant services should offer merchant account with the following features: \tAccept Major Credit Cards: It enables companies to accept payments through any card on their site simply and easily. \tFraud Prevention Tools- The ecommerce merchant services should equip your merchant account with tools that are able to prevent fraud and allows your system to flag suspicious transactions. The payment gateway and merchant account should have built-in security and fraud prevention tools. \tChargeback Protection and Mitigation Services- Chargeback prevention solutions protect merchants by reducing chargebacks and protects from friendly frauds.\u00a0 \tCustomer Support-\u00a0eCommerce merchant services online should provide you with 24\/7 customer support through live chat, phone and email. It should also appoint a dedicated account manager to assist you right from account set up.\u00a0 \tPCI Compliance- The ecommerce merchant services needs to have\u00a0PCI compliance\u00a0to ensure secured online transactions and protect against identity theft. A merchant who wants to store, process or transmit customers credit card data is also required to maintain a secure environment to meet PCI compliance. \tSoftware Integration- Merchant services should provide seamless integration of payment gateways with online shopping cart and website. Merchant services should also offer services to integrate other business software such as CRM, accounting, employee management.\u00a0 How Ecommerce Payment Processing Works The customer selects a product to purchase and begins ecommerce transaction by entering their card details into the form on the website's checkout page. As soon as the customer submits the information, the payment gateway encrypts the data and sends it to the payment processor. The merchant services provider then notifies the card-issuing bank and asks to check the availability of funds in the customer's account and approve or reject the transaction. The merchant service provider then communicates the authorisation or decline to the payment gateway. The payment gateway sends information about approval or decline to the merchant's website. If the transaction is approved, the customer receives order confirmation and funds are transferred into the merchant's account.\u00a0 Conclusion E-commerce merchant service providers should provide a merchant account, online shopping cart, payment gateway to e-commerce merchants to enable them to make online transactions and accept payments safely and securely.