If by Merchant Account you are referring to the financial account that holds funds owed to merchants, I agree. There are regulations that cover this, but they

If by Merchant Account you are referring to the financial account that holds funds owed to merchants, I agree. There are regulations that cover this, but they arn't as strict as those regulating consumer banking. I'm not quite sure what a reinforced regulatory framework for this space would look like, though- the devil is always in the details.