Merchant Accounts By Definition

What exactly are Merchant Accounts?

Merchant accounts are special accounts that provide merchants with the ability to accept and process credit card transactions. In other words, a merchant account handles transferring the funds from the shopper's credit card to the merchant's bank account. Merchant accounts are essential in today's economy to enable the merchant to offer a safe payment solution for their customers. If you want to accept credit cards, whether you are doing business on-line or have a physical store, you will need to obtain a merchant account.