A special account, that allows business to accept payments by bank card. Established under an agreement between the merchant and an acquiring bank. In some cases a payment processor, independent sales organization (ISO) or member service provider (MSP, TPP) is also party to the merchant agreement. They money from sales is first routed to and held before transfer to your own business account. This process is usually fully automated in ecommerce transactions. Money may be transferred into your standard business account in real‐time or during various points in a 24 hour period, one or two weeks or even once a month. A merchant account is a crucial part of ecommerce.