A company that conducts sales and payment processing online is known as an online merchant.
An online merchant’s responsibility is to sell products on their website. The majority of new business owners begin as online sellers.
The diagram below illustrates how online payment processing works from the point of sale to the online merchant bank account.
Instead, customers are being encouraged to use their debit card, American Express, Visa, Mastercard, or Apple Pay to make purchases from online merchants using e-commerce websites and online credit card processing resources.