What is a Merchant Account - Delhi

A Merchant Account allows businesses to process and accept electronic payments including debit and credit cards. The account temporarily stores transaction funds until they are transferred to the bank of the business. For e-commerce businesses and brick-and-mortar stores, merchant accounts ensure seamless transactions. Before approving a merchant account, providers assess things like the type of business, volume of transactions, and risk associated with chargebacks. By choosing the best merchant account provider, businesses can reduce fees for transactions and avoid payment fraud.