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A merchant is a person who trades in goods produced by other people, especially one who trades with foreign countries. Merchants have been known for as long as humans have engaged in trade and commerce. Merchants and merchant networks operated in ancient Babylonia, Assyria, China, Egypt, Greece, India, Persia, Phoenicia and Rome.
Merchant services is a broad category of financial services intended for use by businesses. [1] In its most specific use, it usually refers to merchant processing services that enables a business to accept a transaction payment through a secure (encrypted) channel using the customer's credit card or debit card or NFC / RFID enabled device.
A merchant account is a type of bank account that allows a seller, known as the merchant, to accept payments by 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.
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage, it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate or ...
A merchant would be known as a mercer, and the profession as mercery. The occupation of mercery has a rich and complex history dating back over 1,000 years in what is now the United Kingdom . London was the major trade centre in England for silk during the Middle Ages , and the trade enjoyed a special position in the economy amongst the wealthy.
Merchant is a surname of Old French origin, meaning a merchant or trader, and was originally given as an occupational name to a buyer or seller of goods. It is shared by the following people: Ajit Merchant (died 2011), Indian composer; Ali Merchant (born 1988), Indian actor; Andy Merchant (born 1950), American baseball player
In addition, the merchant account would be assessed a chargeback fee by the acquiring bank. [1] This is the opposite of a card present transaction, when the issuer of the card is liable for restitution. [2] Because of the greater risk, some card issuers charge a greater transaction fee to merchants who routinely handle card-not-present ...
A merchant is a businessperson who trades in commodities. Merchant or Merchants may also refer to: Places. Merchant, Virginia, an unincorporated community;