An individual bank issues a separate account number for an individual merchant is said to be merchant accounts. When customers started using credit cards or debit cards, our dealers charge free merchant service. The merchant’s individuality is varied from one among other during different sections. The terms and conditions are explained by our dealers to the third party vendors so as cancel or renew the transactions. All type of credit cards such as master card and visa cards are accepted by merchants to perform transactions, when merchant account has individual account number. The logos of all credit cards are instantly displayed by merchant. The card used for illegal purposes such as purchase of alcohols is tracked and they cannot be accepted by merchants. Regarding payments few rules and responsibilities are established by merchants for their customers. The transaction of payment card cannot be refunded in cash. They are certain procedure for merchants like the account number and expiration date of the card holder is not be printed. The safety of the card holder personal information is highly secured by the merchant accounts. Many online business transactions are in need of Merchant Accounts, which provide and attains improved trust and service for the customers.