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  1. Persolvent
  2. Merchant Accounts

Merchant Accounts

Basic information you need to know about your new merchant account


General Information

  • How does credit card processing work?
  • Top reasons for setting up a merchant account
  • Underwriting
  • MATCH list
  • Description on customer's statement

Merchant Account FAQs

  • Who is Risk Management?
  • Type of bank account needed for a merchant account
  • How do I update my bank account information for my processing?
  • I have a new business name; how do I update my account with my new name?
  • I’ve changed my website where I accept payments; what do I do?
  • I need to stop billing; how do I cancel my merchant account?

Explaining the Fees

  • How am I billed to accept payments?
  • What do I pay for processing a transaction?
  • Dues and assessments
  • The Durbin Amendment
  • How do I get a better rate?