How does one accept credit cards?
To accept credit cards, you need a special service called a
merchant account. Merchant accounts basically is a very special
bank account which deposits money taken from credit card
transactions into your checking account. There are many ways that
credit card transactions are submitted, such as online through
payment gateways, or in a retail store through a credit card
terminal, but at the end of the day, funds go into your merchant
account and eventually your business checking account.