What is a Merchant Account?A merchant account is a form of bank account that allows businesses and organisations to accept payment by debit and credit cards and delivers funds to your business bank account
Your merchant account is now essential. It checks that a customer’s card details are valid and that they are good for payment. The payment is transferred to your Merchant Account and then onto your business bank account.
Frequently Asked Questions
Opening an account is free of charge and you are charged a tiny percentage of your transactions for the service. You never pay more than you can afford. There is also a monthly service charge for the supply of your actual or virtual machine.
If you have more than one address if it is the same business and uses the same bank account, you only need one merchant account.
After you take a card payment, money is transferred to your merchant account, then into your business bank account
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