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What Is a Merchant Service? Their Role in Business, How They Work, and Benefits

  • Greg Daugherty--Investopedia
  • published date: 2024-04-25 20:39:50 UTC

Merchant services help businesses accept and process electronic payments from customers. They can include point-of-sale systems, credit card readers, payment gateways, and online transaction processing.

A merchant service is any one of a group of services that businesses can use to accept and process electronic payments from their customers. Merchant services facilitate these transactions and may in… [+10606 chars]