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A "merchant account" is a type of financial account that allows businesses to accept debit and credit card payments from customers. It serves as an intermediary between the business, the customer, and the payment processor or acquiring bank.

When a customer makes a payment using a debit or credit card, the funds are first deposited into the merchant account. From there, the funds are held for a specific period of time, typically ranging from one to several days, before being transferred to the business's designated bank account.

It's worth noting that fees are associated with "merchant accounts fees" and the processing of card transactions. These fees can vary depending on the payment processor or merchant service provider you choose to work with. Common fees include transaction fees (a percentage of each transaction) and flat fees (a fixed amount per transaction). There may also be other fees such as monthly fees, statement fees, chargeback fees, and more. It's important to carefully review and understand the fee structure provided by your chosen provider before establishing a merchant account.