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Wednesday
Dec052012

Merchant Account

"A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. In some cases a payment processor, independent sales organization (ISO), or merchant service provider (MSP) is also a party to the merchant agreement." 

BancBox currently operates under a "bring your own" merchant account model. BancBox allows the flexibility for companies to use a solution they have already integrated and prefer, or work with a BancBox partner to acquire a merchant account. The BancBox platform can then collect funds from the merchant account, store these in an FDIC insured account(s), and send these funds all using our APIs. BancBox is built to handle the most complex funds flows and working with a merchant account is no different. 

Visit www.bancbox.com for more information.  

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Reader Comments (1)

Amazing, radiant online journal design! The general look of your site is superb, and in addition the substance! Every payment made with a credit card involves the transfer of funds to a merchant account, which a merchant that is you and these holds directly with a bank. thanks

September 18, 2014 | Unregistered Commenterbankkonto eröffnen

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