At the time of approaching banks or an intermediary about a merchant account, always keep in mind the following tips:

1. Read the terms, conditions and anticipated charges carefully. Don't sign anything until your questions are answered to your satisfaction. Take time to understand exactly what you are getting and how much you are paying to get it.

2. Do you require a reserve account? It shouldn't be, but if you are a start-up Internet business, have poor to marginal credit, anticipate low volumes or run a "risk" business, it may be required.

3. How long before funds are available to you? Ideally it should not take more than 72 hours from the time an order or transaction is processed.

Given below are some of the options available with whom you can setup your merchant account.

Paypal: With a free PayPal account one can accept credit cards on your website immediately Click bank: It offers distribution of digital products and has an instant affiliate network promoting your business.

North American Bancard: It is a full service payment solution provider of Credit, Debit, EBT, Check Conversion and Guarantee, Checks by Phone & Net.