merchant account provider definition

merchant account provider

Bank or other financial institution that offers merchant account services to traders. It processes onsite and online credit card and electronic-commerce transactions in exchange for a fee and/or the right to collect on the credit card debt owed by the buyer. Also called merchant bank in the US.

merchant account provider is in the Advertising, Marketing, & Sales, Banking, Commerce & Finance and E-Commerce subjects.

merchant account provider appears in the definitions of the following terms: mail order/telephone order (MOTO) discount rate, merchant bank, credit card processor, payment gateway, electronic data capture and swipe discount rate

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