Merchant Account: Get to Know More

 

Image source: http://www.web-payment-software.com/Online-Merchant-Accounts-c3.html

Many businesses nowadays are now accepting payments not just limited to cash but also credit and debit cards. They need to have a merchant account in order to process such payment modes. Merchant account is dedicated to accommodate a merchant's business where it’s allowing businesses in accepting debit cards, credit cards, gift cards and other modes of electronic payment made by customers for the merchant's goods or services.

There are 4 key players involved in merchant account. They are:

• The merchant
• The merchant's financial institution in which he holds an account
• The customer
• The customer's card issuer

How will it work? 

It is when a customer buys a merchant's goods or services by paying for it through an electronic medium  issued by his preferred banking service, the transaction is passed on to the merchant's financial institution for approval. Once the transaction is approved by the financial institution in which the merchant holds an account, the amount gets credited to his account.

Now, there are so many credit card processing services who offer merchants a bunch of value added benefits for their merchant accounts. And choosing a reputed, credible and experienced credit card processing service provider can be very beneficial to one’s business enterprise.

Merchant Cash advance is good for business!

For more information regarding Merchant Cash Advance visit:

ExpiTrans

http://www.expitrans.com

1401 Dove St Suite 260
Newport Beach, CA 92660
Tel: +1 949-650-4600
Fax: +1 949-642-6044

 

Blog Source: http://highriskmerchantaccountsite.blogspot.com/2014/01/merchant-account-get-to-know-more.html