Term – Merchant Account
Summary – A merchant account is an account that is opened between a business and a merchant processing company or bank. This account allows a business to accept both debit cards and credit cards. Merchant accounts can offer interchange plus pricing or a cash discount program.
Choosing the right merchant account is critical as companies can enable over 20+ different types of fees and charge higher rates than Visa, Mastercard, Discover, and American Express.
If you have any questions on how Eliminate Card Fees can help you eliminate all credit card processing fees, give us a call to learn more at 877-624-8043Back to Terms
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