What is a Merchant Services Provider?

What is a Merchant Services Provider?

Merchant services is a broad term that describes the hardware, software, services, and financial relationships needed for businesses to accept and process credit or debit card payments from customers as payment for products, goods & services.



At the center of the merchant services industry are Merchant Service Providers, which are the companies that are authorized to provide all of the financial services to a business that allows them to take credit/debit card payments from their customers.

They can be known as:  Merchant Services Providers, Merchant Account Providers, Credit Card Processors or processors. 


Businesses can accept credit or debit card transactions online, through a payment card reader, or with a point-of-sale system.


If you're serious about opening or have already opened a business, you've no doubt come across at least one - probably many - Merchant Service Providers. 

Merchant Service Providers work as an intermediary between the bank, a person or organization wanting to receive funds and the person or organization looking to purchase goods or services. The merchant service provider will provide businesses and individuals with the requirements to accept credit cards, debit cards, and other forms of electronic payment for the transaction to take place.(definition source: wikipedia)


The relationship between you and your Merchant Services Provider is important because:



• They allow you to accept credit and debit card payments
• They help you maintain legal security standards
• Securely managing PCI compliance when processing and storing payment information for your business, making your customer data safe



Connect with us today using the form below with any questions about Merchant Services or Credit Card Processing for your storefront or online business.