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Web27 dec. 2024 · A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards. The merchant account acts as the middleman... WebPayment processing is responsible for navigating the transfer of funds from the customer to a merchant account. There are a few critical operations accountable for payment processing. The payment processor seeks transaction approvals; the acceptance and denial of a transaction depend on payment processing. sydney law review
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