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What is merchant account processing?

April 26, 2017e-commerce internet merchant accounts MasterCard merchant account online business Visa

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What is merchant account processing?

7 Answers

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Merchant Account processing services are provided by a bank or a third party processor (on behalf of the bank) to the Merchant. These services include authorization of credit cards, settlement of funds through the bank associations (MasterCard and Visa), depositing of funds to checking accounts, merchant billing and account activity reporting.

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Merchant account processing are services provided by a bank or a third-party processor on behalf of a bank. ABS, through its partners, provide such functions, which are not limited to but include: authorization of credit and debit cards, settlement of funds, deposit of funds, merchant billing, and account reporting.

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Merchant account processing are services provided by a bank or a third party processor (on behalf of the bank), to the merchant that include authorization of credit cards, settlement of funds through the bank associations (MasterCard/Visa), depositing of funds to checking accounts, merchant billing and account activity reporting.

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Merchant account processing is the service provided by a bank or a third party processor (Merchant Service Provider), to the merchant that include authorization of credit cards, settlement of funds through the bank associations (MasterCard/Visa), depositing of funds to checking accounts, merchant billing and account activity reporting.

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A merchant account is a service provided by a bank to a merchant that includes authorization of electronic credits and debits, settlement of processed funds, depositing of funds to checking accounts, merchant billing and account activity reporting.