Merchant Service Provider Explained: A Guide for Businesses
swms2024-05-10T07:23:04-07:00Merchant service providers are financial institutions or companies that enable businesses to accept payments from their customers using different payment methods such as credit and debit cards, mobile payments, and online payments. They also provide additional services such as payment processing, equipment leasing or sales, fraud detection, and chargeback management. Understanding merchant service providers is essential for businesses that want to offer a convenient payment experience to their customers and streamline their payment operations.