Frequently Asked Questions About Merchant Account
Merchant Account FAQs
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.
It’s an online terminal you can access through a web browser, allowing you to access your merchant account on any computer.
We highly recommend to read our article for better understanding, How Online Payment Gateways Work?