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How does a Merchant Account work?

April 26, 2017merchant account

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How does a Merchant Account work?

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The merchant account provider authorizes the credit card transfer from your customer and deposits the funds for their purchases directly into your business checking account, typically within two business days.

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The merchant account provider authorizes the credit card transfer from your client and deposits the funds for their purchases right into your business checking account, typically within two business days.

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The merchant account provider (AmeriTranz) has contracts with acquiring institutions, to process credit card transactions for their customers. Both the merchant account provider and the acquiring institution must approve a merchant for a merchant account.