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Source: https://merchantech.com/what-documents-are-required-to-open-a-merchant-account

Category: Business

What Documents are Required to Open a Merchant Account? A merchant account is a particular category of business bank account that merchants use to accept electronic payments, most often debit or credit card payments. It serves as a holding account for money deducted from client accounts until the settlement date, when it is transferred to the merchant's specified business account or disbursed through checks.

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