What Is A Merchant Account?

A merchant account is a bank account that permits a business to accept credit and debit cards as payment for products and services. They act as a contract between the business owner and the bank with rules and regulations about how products and services are sold and paid for. Generally, it can ...

  • July 21, 2013
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How Does A Merchant Account Work?

Today, the majority of payments by credit or debit cards are processed with an electronic device called a credit card terminal that allows merchants to swipe cards through a slot that reads all necessary information from the card’s magnetic strip. More advanced terminals can verify checks, ...

  • July 21, 2013
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