Merchant
What is a Merchant?
A Merchant in the payment processing industry is a business or individual that accepts electronic payments for goods or services. Merchants use payment processors, gateways, and merchant accounts to handle credit card, debit card, and digital wallet transactions. They rely on secure payment solutions to ensure smooth and fraud-free transactions for their customers.
Also referred to as a Business Owner, Vendor, Trader or Seller.
sRelated Terms & Synonyms:
- Business Owner – An individual operating a business that accepts payments.
- Merchants Account – A specialized account that enables payment processing.
- Payment Processor – A service that handles payment transactions between merchants and banks.
- Point of Sale (POS) System – A system used to process in-person payments.
- eCommerce Merchants – A business selling products or services online.