Merchant Account Basics
What merchant accounts are, how payment processing works, and the key players involved in every card transaction.
How Payment Processing Works
When a customer submits a card payment, the transaction is securely transmitted through a gateway to the processor. The processor communicates with the card…
Read the full articleWhat is a Merchant Account?
A Merchant Account is a specialized bank account that allows a business to accept credit and debit card payments. It functions as an intermediary holding…
Read the full articleWhat is a Merchant Service Provider, and What Do They Do?
A merchant service provider is a company that helps businesses access and manage the services required to accept card payments. This can include facilitating…
Read the full articleWhat is the Difference Between a Merchant Account, a Payment Processor, and a Gateway?
A Merchant Account is the bank-issued account that allows a business to accept card payments and receive settlement funds. A payment processor is the entity…
Read the full articleWhat is the Difference Between a PayFac and a True Merchant Account?
A PayFac (Payment Facilitator) allows businesses to accept card payments under the PayFac’s master Merchant Account, rather than having a dedicated Merchant…
Read the full articleWhy Do Payment Processors sometimes Shut Down Accounts?
Payment processors or banks may shut down a Merchant Account when activity no longer matches what was approved during Underwriting or when card network,…
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