what is a merchant account? (Communities - Services Offered)

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what is a merchant account?


A merchant account is a form of account in a bank that allows companies to take digital transactions, which include credit and debit cards. If a transaction is made that requires payment, it's temporarily kept in the account before being deposited into the bank account of the company. They are crucial for companies operating in the commerce, retail, as well as service sectors, which allows the business to provide various payment options to clients.


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Last Update : Feb 11, 2025 4:44 AM
Number of Views: 34
Item  Owner  : teamfinrate
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2025-02-28 (0.392 sec)