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David John
Angemeldet seit:
24.04.2022
Beiträge: 277
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Merchant accounts are bank accounts specifically designed to accept credit card payments. Such payments can be made by customers at either the store itself through a credit card terminal or online through a shopping cart made in the web page of the company.
To accept a credit card payment, a merchant first requires an Internet merchant account in a bank or financial institution.
Merchants who have a high-risk business such as adult services providers, online gaming business, casinos, find it hard to obtain a merchant account. This is because of the risks of credit card frauds increase with of the high turn-over involved. The result is that banks shy away from providing Internet accounts to these merchants, who can then turn to private acquiring institutions to provide them merchant ***** account services.
After obtaining a merchant account, the merchant would require a payment gateway account. This is basically the processing account, which verifies the authenticity of the credit card and then transfers the funds to the merchant account.
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