Transaction Center & VPOS Support

What is a Merchant Account

Merchant Account

A merchant account is a contract under which an acquiring bank extends a line of credit to a merchant who wishes to accept payment card transactions of a particular card association brand. Without such a contract, one cannot accept payments by any of the major credit card brands.

Acquiring Bank

An acquiring bank (or acquirer) is the bank or financial institution that accepts payments for the products or services on behalf of a merchant.


Merchants function as professionals who deal with trade, dealing in commodities that they do not produce themselves, in order to produce profit.