What
are
merchant
services?
The
term
merchant
services
covers
a
lot
of
ground.
It
describes
the
hardware,
software,
and
financial
services
required
for
a
business
to
accept
credit,
debit,
and
contactless
payments,
both
in-person
and
online.
What
is
a
merchant
account?
A
merchant
account
is
what
connects
a
business's
bank
account
to
their
merchant
service
provider.
The
business
and
the
provider
enter
into
a
merchant
agreement
that
allows
the
business
to
accept
and
process
credit,
debit,
and
other
forms
of
payment,
and
get
the
funds
deposited
in
the
business's
bank
account.
Why
do
businesses
need
merchant
service
providers?
Merchant
service
providers
allow
businesses
accept
payments
...
