WTF Is A Merchant Account? | Financial Technology | Payment Processing | B2B Vault | Episode 129

B2B Vault is a pretty nerdy podcast as we talk about financial subjects, payments, small businesses, technology, business, merchant services, and more.  

How do you get paid at your business?  

Many business owners have merchant accounts. So what the F is a merchant account?  

A merchant account acts like a Bridge between your customer's credit card and bank account. Your customer/cardholder gets billed, and you get CASH in your bank account minus some fees. 

 In this podcast, we discuss - how it can be complicated to understand, or you can get set up with more simplified pricing models.  

We also discuss alternative payment methods that many business owners have used for the last couple of years, how the government has changed how those companies operate, and the new taxes those business owners will have to pay. 

  We discuss the PROS and CONS of the different types of pricing offered. 

 We discuss the fees and the competitors, and more. 

 As always, visit our website https://b2bvault.info.  

You can apply for an account or set up a meeting with Allen or Justin.

A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. - Wikipedia

Other Episodes You’ll Enjoy

Episode 126 - Financial Brand Forum 2022 in Las Vegas | Digitization in Banking
Episode 61 - The Future of Payment Processing, FinTech & Business
Episode 117 - Why did I get kicked off of Stripe, Square, PayPal etc.?

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