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Home Trending Articles Accepting Payments without a Merchant Account

How to Accept Credit Card Payments Without a Merchant Account?

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-Can I accept electronic payments without a merchant account?
-Yes (if the very term “merchant account” scares you). But be ready to go through the necessary background verification process. It is, by the way, more or less, the same as the process of getting a regular merchant account.

-Can I pay for a product or service if there is no money in my pocket?
-Well, yes, if you have a payment card with you. Or if you have some payment app on your gadget. In either case, you need to have some money on your respective account.

-Can I travel without a passport?
-Yes, if it is local travel within the EU or USA, or the UK, etc. However, you should carry some other kind of ID with you (unless you are the Queen of England).

-Can I board an aircraft without an airline ticket?
-Yes, if you are the pilot. Or the owner of the plane or you got bumped from some other flight. 


Many people nowadays are asking this last question. The idea of accepting electronic payments without a merchant account is gaining popularity. However, the situation around this issue has two sides. The technological basis of the electronic payment industry is continually improving. But the requirements for those who want to accept electronic payments remain rigorous.

The rule every service provider must obey first and foremost is “know your customer.” Why? Well, because merchant services are associated with several categories of risks. Primarily, these relate to chargebacks, customer fraud, and merchant fraud. Any service provider that allows you to accept electronic payments (as a merchant or other similar entity) assumes financial liability for your operations. That is why background