It is virtually impossible to conduct business in the Twenty-First Century without accessing the internet. Whether operating a digital storefront, messaging via e-mail or tracking inventory through a database, entrepreneurs benefit from the internet. Just as the online environment has affected business, so too has business affected the shape and functions of the internet itself.…

PayPal was the first to offer an alternative payment method for online sales back in 1998. Because users did not need a credit card to make purchases, it quickly became the favorite way to buy and sell for online auctions. eBay users drove its popularity in the early days and things just took off from…

A merchant account, or merchant processing account to give it a better name, is the term most commonly used for accepting credit card payments. Funds cannot be paid directly into a business’s bank account. Instead, they must first be processed through a merchant account before being paid via ach into to the merchants business bank…