The Importance of Merchant Accounts for Businesses

As you get closer to the grand opening of your store, the anticipation grows. Your cash register is set up and ready to collect payments, and your credit card processor is up and running. So you might believe. Before opening their doors, store owners must first set up merchant accounts. Commercial accounts allow funds from credit card purchases to all be properly routed through to the banking system, allowing you to see the payment in your hands.

A commercial account is a special type of banking account that holds credit card and electronic payment sales for businesses. It’s where money sits until it’s time to transfer this to your business’s direct deposit.

Having a business account is also required to run a respectable business. Without a business account, company owners risk being labeled as illegitimate by the government.

Applying for a business account may appear to be a difficult task, but it does not have to be. NRS Pay, for example, has an excellent customer support team that will help merchants through the sign-up process. When a company signs up with NRS Pay, one of the first tasks they take is to open a bank account.

NRS Pay offers its clients add-ons such as Rapid Same Day Funding and Unlimited EBT, in addition to providing outstanding, courteous, and knowledgeable service and being noted for its affordable credit card swipe rates and reliability. With no hidden fees, no long-term commitments, and no early-termination fees, NRS Pay is committed to openness. PCI compliance is a gold standard in the credit card acceptance business, and all NRS Pay services and devices are PCI compliant.

Start with NRS Pay today!

Submit the form or call us at (888) 990-9913 to take the first step in getting the best credit card processing solution for your business!

By Marko Georgiev