Merchant Bank

on Sep20

Also called the acquirer, the merchant bank is the bank that a merchant uses to complete credit card and ACH transactions as well as some other kinds of payments. The merchant bank is the first step in the transaction process after the payment is accepted by the merchant.


Recommended to you

Previous postIndependent Software Vendor (ISV) Next postPIN (Personal Identification Number)

Copyright© 2023, United Thinkers