Merchant Account Basics - About Merchant Accounts - How Merchant
Accounts Function - Merchant Accounts & Risk - Card Present &
Not Present Merchant Accounts - The best rates and fees About
Merchant Accounts A merchant account is an account that is set
up with a credit card processor, acquirer, or other financial
institution, which makes it possible for a business to accept
bank cards and electronic funds as a form of payment for
products or services rendered. Merchant accounts are linked to a
standard business checking account or direct deposit account
(DDA) and all funds from sales are electronically deposited into
this account via the automated clearing house (ACH) by the
acquiring bank. How Merchant Accounts Function There are a lot
of things that happen from the time that a merchant charges a
customer's credit card to when it's authorized. The process
requires multiple financial institutions and electronic transfer
systems to deliver the final product. While this process is
interesting, it's not necessary