Merchant Bank

on Aug20

Short description of Merchant Bank

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.



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

Copyright© 2022, United Thinkers LLC