What is a Merchant Account

Merchant accounts are an account type in the bank that permits businesses to take payments, usually via debit and credit cards. It is a means of bridging between the bank of the client and the business, providing seamless transaction processing. Merchant accounts are crucial to both in-person and online transactions. They provide companies with the ability to control payments secure and efficiently. They also provide secure payment settlement solutions.

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What Is a Merchant Account? How Accounts and Processing Work
thefinrate.com

What Is a Merchant Account? How Accounts and Processing Work

Discover the true meaning of a merchant account and unravel how accounts and processing work seamlessly together.