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What's a Merchant Account?
A merchant account is a relationship and a trust
you have with a bank that has agreed to allow
you to charge people's credit card, while they
honor it and deposit the funds into your account.
The bank is responsible for debiting the funds
from the customer and depositing it into your
account. There is usually a processor that is
involved that processes the credit cards for
the bank and lets them know when the funds are
available. When you are given a merchant account
from a bank, they are relying on you to uphold
your promises to your customers by delivering
the products and/or services to them in a timely
manner.
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Strategic
Merchant Service - Partners
