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What Is A Merchant Account? Your Guide To Merchant Account Processing, Fees, & Setup

Does your business need to start accepting credit card payments? Find out what a merchant account is, how you can set one up, and how much you'll pay.

    Noah Miller
  • 5 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Noah Miller

Noah Miller

Noah is a writer and content creator currently living in Fairfax, VA. When he isn't writing about IT solutions and innovations that help his clients, he's probably sitting behind a drumkit or adding new hardware to his computer. Since 2017, Noah has worked for federal, state, and commercial clients as a proposal writer, technical writer, copywriter, and analyst. He has a BA in Creative Writing and a Minor in German from Goucher College.

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5 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Kyana Holland

    Hi, so I am applying for a seller’s permit. It’s asking for a merchant card processor name and account but I still don’t quite understand what that is. Can you help me out?
    Thank you!

      This comment refers to an earlier version of this post and may be outdated.

      Jessica Dinsmore

      Hi Kyana,

      In its most basic form, a merchant account/credit card processor is a contracted provider that gives you the ability to process card payments. If you are looking for a more detailed explanation than what is offered within this post, you can download this Beginners Guide To Payment Processing eBook. I hope that helps!

        This comment refers to an earlier version of this post and may be outdated.

        FactorLoads

        I totally agree with what you said. I believe that is very important now to adapt to new way of paying. That’s why I think that the business owners must accept debit or credit card. This article is very informative. Thanks for sharing this article.

          This comment refers to an earlier version of this post and may be outdated.

          glen

          great imfomation \ need to select a processing company.

            This comment refers to an earlier version of this post and may be outdated.

            Kumar

            Very informative website. I am working in a global company. Currently we have only one merchant ID and planning to expand to other countries. How many merchant IDs should we have being a global company to broaden the credit cards and alternate payment methods? Thanks,
            Kumar

              This comment refers to an earlier version of this post and may be outdated.

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