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  What is an Internet merchant account provider?

A financial institution or bank that provides a financial account to a merchant for the purpose of collecting proceeds from consumer bank account or credit card payment transactions online.

Internet merchant account providers give businesses the ability to accept debit and credit cards in payment for goods and services in real time.

A merchant account provider may be a third party processor, independent sales organization, bank, association or financial service provider such as Visa, MasterCard, American Express or Discover.
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