Merchant account is the bank account of the retailer allowing payments from the debit or the credit card of the consumer. On the

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 it is not the bank account but it acts as verification terminal and authorization for the transactions related to credit card processing. At times, payment gateways and merchant accounts are conjectured and it is an established fact that both of them deal with the financial transactions. But actually they are different from each other although they are partners in the things related to the online business as well as the financial transactions.

ing the debit or credit card payments for services or goods offered in any business. It actually manages all the financial transactions in business like payments. There are many who want to have a merchant account because of its enormous benefits for both consumers and retailers. For the buyers, it is time saving and it also solves problem of cash only payments. These guys can purchase the expensive stuff from stores without any worry about keeping a big amount of money in the wallet. It saves the seller for sorting out check and cash all the time and everything is done electronically.


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