What is a merchant account?

Lina Filipova
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Two of the most asked questions that we receive on our web site are ‘what is a merchant account?’ and ‘why do I need one?’ To answer these questions, we have created an instructional video: ‘What is a merchant account?’ In this video, the abovementioned questions are answered, but that is not all. We also explain how the payment process works, how a merchant can use a payment service provider (PSP) to take care of online payments and how it works when boarding a PSP.