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What is Merchant Services? - Selling Payment Processing

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Hi, my name is James Shepherd.

Today I want to talk to you about what is merchant services.

We are really going to get back into kind of the basics, the nitty gritty in this particular

series.

Many of you that have been following my content for a long time, there are a few things that

maybe are a little out-dated.

I’m just going to talk to you about some of the basics.

Today we are going to answer a really simple question.

What is merchant services?

When we talk about merchant services, really merchant services is extremely simple at its

core.

The idea behind merchant services is merchant services is literally just transferring money

from a customer into a merchant’s bank account.

That’s it.

All merchant services is, is taking money from a customer’s wallet and putting it

into a merchant’s bank account.

Now a long time ago, that was really simple because the way that worked is, I pulled out

my wallet.

I took out money and I handed it to them and they took that money and they drove to their

bank and they deposited it in their bank account.

Right?


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