Whois & Analysis for ccavenue.com

A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards.

A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions.

In some cases a payment processor, independent sales organization (ISO), or member service provider (MSP) is also a party to the merchant agreement.

Whether a merchant enters into a merchant agreement directly with an acquiring bank or through an aggregator, the agreement contractually binds the merchant to obey the operating regulations established by the card associations.

A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar.

The payment gateway may be provided by a bank to its customers, but can be provided by a specialised financial service provider as a separate service, such as a payment service provider.

A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services, based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus other agreed charges.

The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.