What is a Merchant Account?
A merchant account is a type of business bank account that allows a merchant to accept and process electronic payment transactions. Merchant accounts are essential for online, Ecommerce, phone, mobile, subscription and catalog order businesses. Studies show that by accepting credit card and online payments, merchants see an increase in sales, higher average total purchase amounts, and overall higher ratings in customer satisfaction.
FPS has long-standing relationships with numerous direct-acquiring banks, ensuring merchants are paired with the financial institution to best compliment and support individual merchant needs.
- 95% approval ratings, even for our high-risk merchants
- FPS will strategically select your acquiring partner based on merchant risk-factors, industry, geography and target markets
- Begin processing payments within 24 hours after approval
- Accept domestic and international currencies and expand into new or foreign markets
- Bundle your merchant account with our omni-channel capable FPS Payment Gateway services, and benefit from advanced management and fraud detection tools, electronic invoicing, PCI compliancy, and more!