As the technology even unfolds larger, there are loads of new channels coming in day by day. Merchant accounts would offer the goodness of handling all the forms of electronic payment such as cards and online payment systems. Merchant accounts transfer the money using electronic payments and conventional payments also if needed. These accounts have an edge over the conventional accounts due to their account simplicity. A customer or a vendor who would like to view the transaction details for a particular period might simply ask the provider to provide an electronic or hard copy of accounts which might be used for further reconciliation. Merchant accounts have also the convenience of giving welcome to expanded modes of payments such as NFC (Near field communication) or wallet pay. All these systems are integrated onto the Merchant Accounts systems and would provide the best ever experience. Vendors and customers can enjoy hassle free paybacks or payment modes by which they can save a lot of time and effort. Just a simple swipe would do the favor instead of carrying liquid cash in hand all through. Merchant accounts are even more optimized to bring value additions to the vendor or the customer in the form of reward points or benefits.