Merchant account
A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account also serves as an agreement between a retailer, a merchant bank and payment processor for the settlement of credit card and/or debit card transactions.
Modern technology made the lengthy processes very short and effective to smoothly run the business and made the transactions easy through the Credit cards. So the Merchant Account Services enable merchants to run the transactions by means of credit card terminals, computer processing software and even from mobile phones and deals with all kind of payment processing.
ReplyDelete