Ask This When Setting Up a Merchant Account to Accept Payments

1 minute read

By AskThisWhen

Most physical stores and online businesses accept credit cards through a merchant account. Merchant accounts are a contractual agreement between a business and merchant service provider which allows the business to accept credit cards through a special bank account. Businesses accept credit cards in order to increase their sales and decrease the checkout time. Customers will appreciate the convenience and typically spend more on a credit card order. Businesses that fail to accept credit cards are guaranteed to lose customers and potential sales.