Merchant Account Agreement
/ˈmɜːrtʃənt əˈkaʊnt əˌɡriːmənt/
Definitions
- (n.) A contractual agreement between a merchant and a payment processor outlining terms for processing payment card transactions.
The merchant account agreement specifies the fees the business will pay for credit card transactions.
Forms
- merchant account agreement
- merchant account agreements
Related terms
See also
Commentary
Ensure clarity on fee structure and liability clauses when drafting or reviewing to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.