Merchant Accounts Defined Understanding all the complexities of business management isn’t easy. But a merchant account is essential for running a smooth and secure establishment. A traditional merchant account is a commercial bank account specifically for businesses to make and accept electronic payments. Essentially, merchant accounts allow companies to accept credit and debit card transactions, among other forms of electronic payments. But how exactly does a merchant transaction work? And why is a merchant account needed for a business to accept electronic payments? How Does a Merchant Account Work? When…
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