How do merchant accounts work?
Merchant accounts work in a very simple way by providing a unique response to all parties involved. The
Merchant account co-ordinates with multiple parties including
These parties get relevant information in less than few seconds. This kind of transaction is highly secure as it uses
Customer gets the information about the approval or Decline of the Transaction
Merchant gets Paid to the settlement account
Merchant account acquirer gets the request from the merchant for the debit of value on the customer's card
Card Brand gets the information regarding the transaction request
After successful payment, the merchant's settlement account is credited
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How do you set up a merchant account?
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