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Merchant accounts: Why you can't accept payments without one
Businesses need a merchant account to accept payments. Discover how to set up your merchant account and why you can't accept payments without one.
A merchant account is a type of account that businesses need to process payments. It allows them to accept various forms of payment, including online and credit/debit card transactions. It's an essential part of the payment process and is used to register payables to businesses.
There are a few options for setting up a merchant account. You can do it through an acquiring bank or a payment service provider. With Adyen, you automatically get one when you start accepting payments with us.
In this blog post we'll cover:
What is a merchant account?
How a merchant account fits into the payments value chain?
How to set up up a merchant account?
How do merchant account fees work?
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