Merchant Account Credit Card Processor
Browse credit card and debit card payment processing solutions for your business no matter the size.
Merchant account credit card processor. So a merchant account is an agreement between a retailer a merchant bank and payment processor for the settlement of credit card and or debit card transactions. In some cases a payment processor independent sales organization iso or member service provider msp. We re dedicated to providing you the cheapest merchant account services available without sacrificing the customer support and reliability your company needs to succeed. While a merchant account is usually the most reliable way to accept credit card payments the truth is that you can take cards without one by using a third party payment processor.
Each time a credit card transaction is processed the money for that order is transferred from the cardholder and is deposited into the merchant account. A merchant account is a special type of bank account that is used to hold funds captured from credit card sales. The account has a payment processor for better management of payments when clients pay for services and goods. Performance card service is a leading provider of offshore merchant accounts for those who have difficulty qualifying for domestic credit card processing.
New customers continually join the company at a rate of 30 000 merchants a year. Accept payments in store online and virtually anywhere with bank of america merchant services. We discuss the differences between a third party processor also known as a payment services provider later on in this guide. Such documentation is required in order to verify the owners of the business verify the actual company and also to ensure that the product or service sold and business model abides by visa and mastercard s rules and the bank s.
Founded in 1998 merchant warehouse is the first merchant account services provider to offer credit card processing services on the internet. Merchant services accounts shouldn t be interrupted. Accepting credit card payments on your website requires a merchant account. Today the company serves well over 100 000 merchant accounts and processes more than 7 billion in credit card sales a year.
Browse credit card and debit card payment processing solutions for your business. A merchant account is the bank account that accepts credit cards and debit card payments along with many other different electric charges. A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account is a type of bank account that allows businesses to accept payments in multiple ways typically debit or credit cards a merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions.