A merchant account is made under an deal between an acceptor plus a merchant acquiring bank for settlement of repayment card transactions. If you process a sale made, your processor tracks the transaction for the appropriate card association network like: Visa, Master card, Discover or US Express; which sends the transaction for the issuing bank with regard to authorization. The processor handles many other important duties for instance providing technical and customer support, handling chargebacks, lodging transaction proceeds in to your merchant account statement.
Deciphering Merchant Account Statement
