ANSWERS: 1
  • Merchant services are financial service options that companies use to manage and control their money. The term also describes payment options offered by a business to its customers.

    Credit And Debit

    Credit and debit card processing is a merchant service that gives consumers the option to pay for an item using a credit or debit card. For this convenience, the merchant pays a small fee to a third party to process credit and debit cards.

    Gift And Loyalty Cards

    Gift cards and loyalty cards are often used by merchants to encourage repeat business. This helps build brand awareness and can also track the buying habits of customers.

    Check Guarantee

    A check guarantee program is a service offered to a merchant that guarantees checks written to them will be paid. The company providing the service pays the merchant if a check is returned.

    Marketing

    Email and direct marketing are services offered to merchants to help increase sales and brand awareness by targeting specific consumer groups. Direct marketing refers to offers sent to consumers by postal mail, and email marketing refers to offers sent by electronic mail.

    Merchant Cash Advance

    A merchant cash advance is when a merchant is given an advance loan by a cash advance service in exchange for a percentage of future sales made by the merchant.

    Source:

    Merchant Accounts & Credit Card Processing - Transaction Resources

    Loyalty Marketing Best Practices

    Social Media Today | Engagement Marketing Definition

    Resource:

    How Merchant Cash Advances Work - BusinessWeek

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