A merchant account is a special type of bank account that gives businesses access to funds received from credit and debit card payments. After the payment processor coordinates with card networks and issuers to clear card transactions, funds from card payments are deposited into this account before being transferred to your business bank account.
Topics: personal finance
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a person or business that buys and sells products in large amounts for profit, often trading with other countries: grain / cotton / wine merchants. a business that sells directly to the public either from a store or through the internet: Experienced merchants said that the fee structure for accepting cards is confusing.
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A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards.
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Merchant definition: a person who buys and sells commodities for profit; dealer; trader.. See examples of MERCHANT used in a sentence.
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MERCHANT meaning: 1 : someone who buys and sells goods especially in large amounts; 2 : the owner or manager of a store.
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