Virtual Terminal Collection Agency Merchant Account

Understanding a Merchant Account can get confusing. The following information will help you understand what a merchant account is, and how it works.

Merchant Account FAQs

Merchant Account Explained

A merchant account is a type of bank account that allows businesses to accept payments credit cards or debit cards. In order to process credit cards, a business must open a merchant account. The cost for having a merchant account includes monthly fees, and processing fees per transaction. However, being able to accept credit cards and debit cards will increase sales for your business overall.

1. How it works
2. How you get paid
3. How you are billed
4. Merchant Account fees