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Correct me if I'm wrong, but when setting up an online business that accepts credit cards, you need a merchant account. Do you need something similar with Squar
by Wilduck 16y ago
Correct me if I'm wrong, but when setting up an online business that accepts credit cards, you need a merchant account. Do you need something similar with Square? Or do they get around this somehow by keeping your funds in a paypal like account?
- mikesaraf 16y agoSquare bypasses that, they deposit into the bank account every business day. There are some exceptions for larger transactions.