There are now hundreds of sites online now offering pharmacy merchant accounts but which merchant service provider offers the best type of credit card processing. The merchant payment processing solution is almost the same for almost every merchant service provider:

• The merchant submits the necessary credit card information for the merchant transaction.
• The credit card transaction information is verified at the acquiring bank’s payment gateway,
• The bank credits the card holders credit card and transfers the money to your site
• High Risk Merchant Accounts or 3rd party accounts have a different processing setup. Acting as a 3rd merchant between your site and the bank the processing solution is as follows:
  The card holder fill in the online information for the transaction,
• The card holder’s transaction information is verified at the 3rd party payment gateway,
• The credit cards information is once again verified at the 3rd party merchant’s payment gateway,
• The bank debits the client’s credit card and transfers the money to your third party merchant service provider,
• Your third party merchant service provider makes payouts to the online merchant depending on the service provider’s terms and conditions.

As you can see, the process is slightly more complex using a 3rd party merchant account. a third party solution automatically raises processing cost to the end merchant .This type of merchant account is still be the best merchant account solution for your business. If you are classified by the bank or by the merchant service provider as high risk merchant, then a 3rd party merchant account will be the best merchant account solution.

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