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What is a Merchant Account and Does Your Business Need One?

EBizCharge

Merchant accounts act as intermediaries between businesses and payment networks, facilitating the secure transfer of funds from customers to your account. Merchant account providers (MSPs) often offer tailored solutions based on the type of business and online transaction volume.

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13 Questions to Ask When Evaluating a Merchant Service Provider

EBizCharge

A merchant services provider (MSP) is an intermediary between banks, card networks, and merchants, ensuring smooth and secure transactions between businesses and their customers. MSPs provide payment technology that enables businesses to process digital payments, such as credit, debit, and ACH/eCheck transactions.

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Merchant Processing Explained: What Happens Behind the Swipe?

Evolve Payment

Merchant Service Providers (MSPs) Your merchant service provider (MSP) is your dedicated point of contact for anything payment-related. Acting as your primary partner and resource, the MSP simplifies merchant processing by ensuring every other key player is cooperating and working at peak efficiency.

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What is Payment Facilitation as a Service or PayFac-as-a-Service?

Ikajo

Risk mitigation Given that PayFacs handle the most sensitive information of customers – their payment data – they must keep it secure and detect unauthorized transactions. This is particularly beneficial for FinTechs specializing in areas beyond payment facilitation.