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
