What is merchant account - Delhi

A merchant account is a type of business bank account that allows merchants to accept and process electronic payments, primarily through credit and debit cards. It acts as a middleman between the merchant, the customer, and the bank, facilitating the transfer of funds from the customer's bank to the merchant's account. Merchant accounts typically involve fees, including transaction charges, monthly maintenance, and setup fees. They are essential for e-commerce businesses, retail stores, and service providers to accept secure payments.