What is a credit card merchant account?A credit card merchant account is a special kind of bank account that makes it possible for e-commerce and POS organizations to accept charge card payments. However, not all banks provide these types of accounts. Acquiring banks deal with merchant account suppliers in addition to straight with business owners to establish these accounts. Some obtaining banks use different merchant charge card processing solutions depending on place and service type.
STOP PAYING PROCESSING FEES IN 3 STEPS
Implement a price increase on everything in your store.
Offer a Cash Discount
Use the extra revenue collected to pay your processing costs