A merchant account is a kind of business account that allows a business to accept and process debit and card transactions. There are different kinds of merchant accounts you can select according to your businesses requirements. There are a number of advantages of utilising merchant account as you can start secure access through your merchant ID and password. The merchant account is basically an online bank account that is utilised for holding the money which gets transferred from online sales until it is moved into your actual bank account. Each and every business that chooses to accept online payments will utilise merchant account.