What is a merchant?
A merchant is any business or individual that accepts payments in exchange for goods or services.
What types of merchants exist?
Merchants range from small independent retailers to large multinational corporations, operating both online and offline.
What does a merchant need to accept payments?
They need a merchant account, payment gateway or terminal, and a relationship with a payment provider.
What responsibilities does a merchant have?
Merchants must comply with payment regulations, protect customer data, and manage disputes and refunds.
How do merchants fit into the payment ecosystem?
They are the endpoint of the transaction, receiving funds from customers through the payment network.