What is a charge card merchant account?A credit card merchant account is a special kind of bank account that enables e-commerce and POS services to accept charge card payments. However, not all banks offer these kinds of accounts. Acquiring banks work with merchant account companies in addition to directly with entrepreneur to establish these accounts. Some acquiring banks use different merchant credit card processing options depending upon place and company type.
STOP PAYING PROCESSING FEES IN 3 STEPS
Implement a price increase on everything in your store.
Offer a Cash Discount
Use the extra revenue collected to pay your processing costs