MERCHANT ACCOUNT PROVIDER
\mˈɜːt͡ʃənt ɐkˈa͡ʊnt pɹəvˈa͡ɪdə], \mˈɜːtʃənt ɐkˈaʊnt pɹəvˈaɪdə], \m_ˈɜː_tʃ_ə_n_t ɐ_k_ˈaʊ_n_t p_ɹ_ə_v_ˈaɪ_d_ə]\
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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.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).