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What is a merchant account?

April 26, 2017account merchant

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What is a merchant account?

54 Answers

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A merchant account is a bank account that enables your business to accept payment by credit card online. Credit card transactions can only be processed through a merchant account. You must have a merchant account in order to be able to accept credit cards.

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Merchant Account allows businesses to accept credit card payments and provides your customers a convenient payment option, other than checks or cash.

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A merchant account is a commercial bank account established by contractual agreement between your business and the banks we represent. A merchant account enables your business to accept credit card payments from your customers. The funds are electronically deposited into your business checking account.

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A merchant account is simply a bank account that is setup for a merchant. The big difference between a merchant account and a regular bank account is that a merchant account provides support for one or more processors to deposit funds from credit card transactions made through them.

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A merchant account is a special account that allows your business to accept credit cards as payment in person, over the telephone, by mail order, or over the Internet. You must have a merchant account if you want to be able to accept credit cards from your customers.

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