Merchant accounts are a special type of account in a bank that allows businesses to accept payment, mostly through credit cards or debit cards. The merchant account is a type of bank account that allows businesses to accept payments, mostly from credit or debit cards. After fees have been deducted, payments are processed for a given transaction and then deposited in the merchant's account. For businesses, merchant accounts are necessary to securely process electronic payments.
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What is a Merchant Account
ActionMerchant accounts are a special type of account in a bank that allows businesses to accept payment, mostly through credit cards or debit cards. The merchant account is a type of bank account that allows businesses to accept payments, mostly from cre...