A merchant account is a type of bank account that allows businesses to accept payments by credit cards or debit cards. Essentially, a merchant account is an agreement between a retailer, a merchant bank and payment processor for the settlement of credit card and/or debit card transactions. If you’re a business owner in U.S. and would like to accept credit card payments, the short answer is Yes, you need a merchant account for your business.
Getting approved for a merchant account is easy! At Millennium Bankcard, we help you fill out your applications over the phone so you can digitally sign them. As long as you have a business, and a checking account, you qualify for a merchant account!
We not only get your account approved, we also provide you with the set up. We do not provide support to syncing your merchant account on Woocommerce or your online store, however there are several reputable web design companies that can help you.
It is a merchant service provided by an online application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, retail stores and/or companies who offer mail-in orders.