| Ogunquit, a city located on the coast of Maine, was | | | | that these financial or acquiring institutions charge a fee |
| named by American Indians as a place of rocky coast | | | | for their services. Some may charge a monthly fee, as |
| and windswept, grassy sand dunes by the Atlantic. It | | | | well as a monthly statement fee. All institutions charge |
| literally means "Beautiful place by the sea." | | | | a percentage of the transaction. Before a credit |
| It is important to point out that most local financial | | | | payment is actually made, the customer's credit card |
| institutions or banks do not usually provide for Internet | | | | information needs to be validated. There is a code that |
| merchant accounts. This is because direct | | | | checks credit card numbers, credit card types, |
| face-to-face transactions involve the customer's | | | | expiration dates and payment amounts. Aside from |
| signature, while online transactions may sometimes | | | | validating information, the code also enables |
| result in credit frauds. In this case, as an alternative | | | | acceptance of this information. Whatever acquiring |
| there are many acquiring institutions that can assist | | | | institution you choose, make sure that there is |
| you in setting up these accounts. If you utilize the | | | | adequate fraud protection. Since transactions are |
| services of the acquiring institutions, you must make | | | | online, you will also need a website. If you search the |
| sure that the account can access any of these | | | | net, you will come across many websites providing |
| networks: EDS, Nova, Vital, First Data Merchant | | | | online merchant transaction services. |
| Services, Norwest or Paymentech. Also, keep in mind | | | | |