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merchant account

   Also found in: Wikipedia 0.01 sec.
merchant account
An agreement between a credit card processor and a seller that establishes the rules for accepting credit card purchases and transferring funds. See card not present account.


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Setting up an ecommerce merchant account today is totally effortless which make many businesses go online to take themselves to the next level and to give their business a global dimension.
What is important is this: interchange pass-through pricing allows the merchant account provider to pass on the interchange fee to the merchant plus a flat surcharge, resulting in substantially cheaper rates for the merchant overall.
Internet merchant account is a medium for acceptance of credit cards from individuals and businessmen.
 
 
 
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