The bank that holds a merchant account for merchants. Once a consumer purchases a product using a credit card, the merchant bank places funds into the merchant account in exchange for the right to collect the debt owed by said consumer.
A financial institution that provides credit card processing accounts for merchants. Also referred to as an acquiring bank or an acquirer, the bank receives funds from a cardholder when a credit card transaction is completed, and then deposits the payment amount, less any fees, into the merchant's business checking account.
Specialized bank offering investment services, corporate advice, trade and project finance, exchange rate dealing, etc to clients worldwide. It also acts as an issuing house for stocks and bonds, and advises companies involved in mergers.
(Acquiring Bank, Aquirer). A Visa / Master Card Affiliated Bank or Bank/Processor alliance that processes credit card transactions for business. Merchant Bank is responsible for depositing the funds into your checking account.
Also known as the Acquiring Financial institution since it acquirers merchant business by supplying the merchant with the means to accept credit cards for payment. The financial institution will charge the merchant a fee for providing these services.
A bank that holds the merchant account. After a consumer buys a product using a credit card, the merchant bank places funds into a merchant account in exchange for the right to collect on the debt owed by a consumer.
The bank that holds the merchant account. When someone buys a product and/or service from a merchant, the merchant bank will place the needed funds into a merchant account in exchange for the right to collect the debt that is owned by the purchasing consumer.
A financial institution whose financial business gradually evolved from its merchant business. The merchant banker's local knowledge of the countries with which they traded made them specialists in estimating the creditworthiness of their customers, which in turn enabled them to accept bills of exchange and arrange loans at the request of foreign traders. Their business has extended beyond normal banking transactions to include dealings in foreign exchange, the issue of long-term loans for governments and companies abroad, advice to companies, underwriting of new issues, management of takeover bids, engagement in insurance business, investment trust management, etc. See also investment bank. Français: Banque d'affaires Español: Banco comercial, banco de inversiones, banco de negocios
A British term for a bank that specializes not in lending out its own funds, but in providing various financial services such as accepting bills arising out of trade, underwriting new issues, and providing advice on acquisitions, mergers, foreign exchange, portfolio management, etc.
A banking company that handles corporate transactions. A merchant bank enables a business to receive and clear credit card transactions on line. A merchant bank is the one who actually transfers money from a buyer's account to a seller's account as a result of goods or services being sold.
In banking, a merchant bank is a traditional term for an Investment Bank. It can also be used to describe the private equity activities of banking. This article is about the history of banking as developed by merchants, from the Middle Ages onwards.