Merchant Account Middleman

Your merchant account is established to allow you to accept payments by credit or debit cards. Some businesses find it beneficial to go through a payment processor or a sales organization.

Other businesses prefer to open this account with the bank that handles their operating account. Your bank may even be happy to offer you better rates for keeping all of your business with them. It might actually be the case that although your bank signed you up, they are just the middleman working as an agent for the processor.

Do your research, because there are differences in how much you get charged. If your bank is happy because they are actually taking a percentage along the way, then you might want to shift the concern back to your happiness, and not theirs.