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How to Set Up a Merchant Account

Credit card payment system provides both merchant and customer a convenient way of doing online transactions, and businesses that accept credit card payments tend to make more sales. Credit cards encourage consumers to make a purchase even if they don’t have the money to pay for it. In order to be able to accept credit card payments, you must first set up a merchant account. Merchant Accou...


Five Bank Account Types

Bank accounts reflect the financial transactions made between the client and their bank. In order to meet different financial needs of customers, banking institutions offer many kinds of federally protected accounts. These accounts are typically grouped into five categories: savings accounts, checking accounts, certificate of deposit, escrow account, and business accounts. By understanding each...


Guidelines for Using Individual Retirement Accounts (IRAs)

Individual retirement account or IRA is a type of savings account that provides tax breaks on retirement savings. Hence, it's a great option for individuals who want to stock away assets for retirement. Contrary to what most people believe, however, IRA is not an investment platform. Rather, it is a retirement account. What makes IRA an attractive option over other retirement accounts is tha...


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