A merchant account is essentially the gateway for a business to accept payments from individuals credit and or debit cards. This is attached to a specific bank account which exist under an arraignment agreed on by the acceptor and the merchant acquiring bank. Between them they established a settlement for each payment, in that a small fee is usually the standard. There are two general types of of merchant agreements. A direct agreement is where the merchant works directly with there bank, and an indirect agreement is when the merchant works though a cumulative merchant account providers like Google check out. In ether case the merchant is bound by the agreement to abide by the Operating Regulations st forth by specific credit card brand. Merchant Accounts are processionals at deciphering the difficult jargon associated with the fine print of such agreements.

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