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Frequently Asked Questions



Call 1-866-835-2601 or apply online for a merchant account at Merchant Warehouse.

credit card processing and merchant accounts

Q: What is a merchant account?

A: A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account also serves as an agreement between a retailer, a merchant bank and payment processor for the settlement of credit card and/or debit card transactions.

Q: What is a payment gateway?

A: A payment gateway is an e-commerce application service provider service that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. It is the equivalent of a physical point of sale terminal located in most retail outlets.

Payment gateway protects credit cards details encrypting sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant and also between merchant and payment processor.

Q: What is the Transaction Fee?

This is the fixed fee you pay for each transaction you process

Q: What is a Statement Fee?

This is a monthly charge paid for having a merchant account.

Q: What is a Monthly Minimum?

This is the minimum charge you will be billed by your merchant account provider if your processing volumes are not high enough.

Q: What is a high risk merchant account?

A: Coming soon…

Q: What are third party merchant accounts?

A: Coming soon…

Q: What are chargebacks?

A: Coming soon…

Q: What do I need to provide to apply for a merchant account?

A: Coming soon…

Q: Why did I get declined for a merchant account?

A: Coming soon…

Q: What is PCI compliance?

A: Coming soon…

Got Questions?

Our FAQ covers many of the most common questions about applying for merchant accounts. Alternatively, please contact us online.

We'll do everything we can to get you setup with a merchant account ASAP.

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