What is a merchant deposit account?

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Jaycee Cremin asked a question: What is a merchant deposit account?
Asked By: Jaycee Cremin
Date created: Fri, Mar 26, 2021 11:12 PM
Date updated: Sun, Jun 26, 2022 5:39 AM

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Top best answers to the question «What is a merchant deposit account»

A merchant account is an account into which funds from debit and credit card purchases are transferred after they have been processed. It's a very important part of the payments process, along with payment gateways and payment processors. While you own the account, you won't have direct access to it.

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