Merchant Account

An account opened through a payment processor or financial institution that allows payees to accept credit card payments from a payer.

Related Terms

  • NPR (Notice of Proposed Rulemaking)

    A Notice of Proposed Rulemaking is a notice that is publicly issued when any independent agency decides to change, remove or add a rule.

    Learn More

  • RCK (Re-presented Check)

    An additional presentment of an eligible returned paper check through the ACH network.

    Learn More