Credit Card Terms - Merchant Bank


The bank that holds a merchant account for merchants. After a consumer purchases a product using a credit card, the merchant bank places funds into the merchant account in exchange for the right to collect the debt owed by the consumer.



« Merchant Agreement | Merchant Bank | Merchant Identification Number (MID) »


Search glossary for:

Browse: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z