The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

MERCHANT ACCOUNT PROVIDER Definition & Legal Meaning

Definition & Citations:

Bank or other financial institution that has merchant account services for traders. Processing onsite and online credit card and electronic-commerce transactions for a fee and/or the right to collect on the credit card debt owed by the buyer are examples of these services. In the US, also known as merchant bank.

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