Merchant accounts let companies accept credit and debit card payments. Unlike standard business accounts, they focus on card transactions.

1. Merchant Banking
Accounts: Types and
Features
Merchant accounts let companies accept credit and debit card payments.
Unlike standard business accounts, they focus on card transactions.
These accounts form an agreement between acquiring banks and merchants.
They enable fast, secure processing of debt-linked transactions across digital
networks.

2. Retail Merchant Accounts
Lowest Fees
Retail accounts typically offer the
lowest setup, application, and
maintenance fees.
Requirements
Physical terminals must be present at
retail locations. At least 70% of
transactions must come from terminal
swipes.
Equipment Benefits
Providers often supply terminals at no
upfront cost when requirements are
met.

3. Internet/E-commerce
Accounts
No Physical Equipment
No terminals or physical equipment needed.
Website Integration
Transactions process through website shopping carts.
Higher Fees
May charge higher per-transaction fees to compensate for lack
of terminal fees.

4. Mobile Merchant Accounts
Device-Based
Payments
Reflects the trend of accepting
payments via mobile devices.
Higher Rates
Transaction and processing
rates often higher due to lower
sales volume.
Customer Surcharges
Many retailers pass fees to customers through small surcharges.