Every payment made with a credit card involves the transfer of funds to a merchant account, which a merchant holds directly with a bank. A merchant account is an account number issued by an Acquiring Bank for a specific Merchant. It is a type of bank account that allows businesses to receive payments by payment cards, usually debit or credit cards. A merchant account is established under an agreement between a merchant and a merchant acquiring bank for the settlement of payment card transactions.
NETbilling has partnered with dozens of domestic and foreign banks worldwide to provide an array of merchant account acquiring options best suited for your business type, at the most competitive rates on the planet. Features include:
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