What is the definition of Merchant account? | Dictionary.net

MERCHANT ACCOUNT

\mˈɜːt͡ʃənt ɐkˈa͡ʊnt], \mˈɜːt‍ʃənt ɐkˈa‍ʊnt], \m_ˈɜː_tʃ_ə_n_t ɐ_k_ˈaʊ_n_t]\

Definitions of MERCHANT ACCOUNT

1910 - Black's Law Dictionary (2nd edition)

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The proceeds of credit card and electronic commerce sales from both onsite or online that a trader receives go into this type of bank or other current checking account .

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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