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merchant account

Syllabification: mer·chant ac·count

Definition of merchant account in English:

noun

A bank account that enables the holder to accept credit cards for payment.
Example sentences
  • Often the money is deducted from the merchant account the retailer uses for its credit cards proceeds.
  • The thing here is that you can sell over the Internet without a credit card merchant account, which for campaign consultants and political committees can be difficult or expensive to obtain.
  • PayPal (or whomever your merchant account is with) takes your money and deposits it into your account.

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