Merchant services

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Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses.[1] In its most specific use, it usually refers to the service that enables a business to accept a transaction payment through some secure (encrypted) channel by use of the customer's credit or debit card. More generally, the term includes the following in its use:

References[edit]

  1. ^ Plunkett, Jack W. (2007). Plunkett's Banking, Mortgages & Credit Industry Almanac 2008: Banking, Mortgages and Credit Industry Market Research, Statistics, Trends and Leading. Plunkett Research. ISBN 1-59392-098-9.