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What Is A Merchant Account & Why Do You Need One? [Merchant Accounts EXPLAINED]
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Without a merchant account, you're leaving money on the table - money that would look so much better in your bank account💰🏦. In this video we'll walk you through what a merchant account is, how it works, and more importantly, how to secure one for your business.
What is a merchant account? Think of it as a specialty bank account that allows you, the business owner, to accept credit card transactions. Essentially, a merchant account acts as the bridge between your customers bank account and your business's bank account, supporting the secure transaction of funds. Its main job is to temporarily hold funds to allow time for refunds, chargebacks, gratuity and other back end transactions to settle before transferring to your business bank account.
Leave a comment below if you have any questions or want us to dive deeper into any topics of interest!
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Additional Resources
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Chapters
0:00 Intro
0:21 What Is a Merchant Account?
0:52 How Does a Merchant Account Work?
1:47 Why Do You Need a Merchant Account?
3:31 Merchant Account Fees
4:06 How to Open a Merchant Account
#merchantaccount #merchantaccountexplained #whatisamerchantaccount #merchantservices
Follow us for more amazing content!
What is a merchant account? Think of it as a specialty bank account that allows you, the business owner, to accept credit card transactions. Essentially, a merchant account acts as the bridge between your customers bank account and your business's bank account, supporting the secure transaction of funds. Its main job is to temporarily hold funds to allow time for refunds, chargebacks, gratuity and other back end transactions to settle before transferring to your business bank account.
Leave a comment below if you have any questions or want us to dive deeper into any topics of interest!
*****************************************************************************************************************************************************************************************************
Additional Resources
*****************************************************************************************************************************************************************************************************
*****************************************************************************************************************************************************************************************************
Chapters
0:00 Intro
0:21 What Is a Merchant Account?
0:52 How Does a Merchant Account Work?
1:47 Why Do You Need a Merchant Account?
3:31 Merchant Account Fees
4:06 How to Open a Merchant Account
#merchantaccount #merchantaccountexplained #whatisamerchantaccount #merchantservices
Follow us for more amazing content!
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