What is a Merchant Account?

What is a Merchant Account?

To accept credit cards, debit cards, and other types of electronic payments for your business, you’ll need a merchant account.

A merchant account is a type of bank account that allows your business to securely accept payments.

Payments are authorized through this account and then, when the transactions are approved and verified, they are deposited into your bank account.

A merchant account:

  • Allows you to accept and process electronic payments
  • Keeps your business secure from fraud and failed payments
  • Connects with a payment gateway to process payments

Merchant accounts with SafePay

When you work with us, you’ll get a dedicated merchant account for your business.

This gives you more freedom and better stability with your processing since it won’t be grouped with other business owners.

We’ll work directly with the processors during the underwriting process to help you get the best rate and best fit for your business.

A merchant account with SafePay enables you to:

  • Know your exact rate for all transactions
  • Get the best rate plan for your transaction type
  • Enable auto-recurring billing for credit card, debit card, or echeck payments

Explore How SafePay Can Help Your Business Grow