Merchant accounts are a special type of business bank account that allows a business to process credit and debit card transactions.
Merchant accounts are managed by banks called Merchant Banks and the services they offer are referred to as Merchant Services.
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Can I send a payment via paypal if I do not have a paypal account?(2 Answers)
A:
You can use a merchant account. A merchant account processing service allows sellers to accept credit cards, debit cards or any other forms of payment cards as payment ...
What effect do merchant credit cards have on your credit score?(2 Answers)
A:
This is a good question and one that I haven't thought much of. But you bring up a good point, since the merchant credit cards have such ...
I am setting up a paypal account for a fund raiser. Should I apply for a business account or premier account? What's the difference?(1 Answer)
A:
Hi there, Will you be the only one who will need access to the PAYPAL account for your fundraiser? If so, go with Premier but if other volunteers ...
References
Fast Facts
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Methods
Allows you to process credit and debit cards through a swipe machine, online or by phone.
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Gateway
Payment gateways are used online as a virtual "swipe machine" for credit cards.
