What is a Merchant Account and Why You Need One

What is a Merchant Account and Why You Need One

A merchant account is a type of bank account that temporarily holds funds from credit and debit card transactions until they’re transferred to your primary business account. If you want to accept card payments from your customers, you’ll need a merchant...
13 Payment Processing Terms to Know

13 Payment Processing Terms to Know

Payment processing terminology isn’t always easy to understand. Here, we’ll cover some of the most important payment processing terms so you can better understand how payment processing works. Acquiring Bank (or Merchant Bank) To facilitate payment...