A good place to start your search for a merchant account is your own bank.

In Start Your Own e-Business, the staff at Entrepreneur Press and writer Rich Mintzer explain how to build a dotcom business that will succeed.

In this book, you'll find recipes for success, road maps that pinpoint the hazards, and dozens of interviews with dotcom entrepreneurs who've proved they’ve got what it takes to survive in this sometimes fickle marketplace.

In this edited excerpt, the authors discuss the two types of online payment processors you can use on your ecommerce site.

Thanks to the growth of ecommerce sites over the past ten years, credit card accounts are now very easy to set up on your site.

The common methods of accepting credit card payments is either by using your own merchant account or by utilizing a payment gateway account, also known as a third-party merchant.

An internet merchant account gives you the ability to process credit cards and can be obtained through a bank.It's viewed by the bank as a line of credit that's extended to you.You must apply for this, just as you would any loan.The leading providers of payment gateway accounts targeting smaller merchants include: If you don’t have a merchant account, these providers can help you set one up and offer a payment gateway in one convenient package.Credit cards aren’t processed cheaply, at least not for a startup.A typical fee schedule for a small-volume account (fewer than 1,000 transactions monthly) would include monthly processing fees ranging from to 0, plus transaction fees of about 3 to 5 percent per transaction.