Entry from US English dictionary
Definition of merchant account in English:
A bank account that enables the holder to accept credit cards for payment.
- 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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