Why Do Merchant Services Exist? Merchant Services are the most fundamental part of the payment transaction process between a business and its customers. It is the element of the transaction that enables the seamless and real-time safe transfer of monies from a customer account to a business account.
By partnering with merchant account providers, your business gets access to another method of accepting payments outside of just handling cash. This is important if you have a brick-and-mortar store. However, it is crucial if your business operates online and needs to receive instant payment for rendered services.