THESE ARE SOME FACTS YOU SHOULD KNOW ABOUT MERCHANT ACCOUNT
A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards . A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. In some cases a payment processor , independent sales organization (ISO), or member service provider (MSP) is also a party to the merchant agreement. Whether a merchant enters into a merchant agreement directly with an acquiring bank or through an aggregator, the agreement contractually binds the merchant to obey the operating regulations established by the card associations . HOW TO GET MERCHANT ACCOUNT ? A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. So a match list merchant account is an agreement between a retailer, a merchant bank and payment processor for the settlement of credit card and/or debit card