Merchant Accounts

A Merchant Account is an account that is used by a party who has an arrangement with a bank to allow credit card processing, it is required to accept customer credit card payments and electronic payments through an e-commerce website. A Merchant Account is used for business purposes, and normally involves the bank working alongide a third party processor to allow online payments. Most Merchant Account applicants will be required to go through a strict procedure to be eligible for the account.