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merchant bank

/ˌmʌrtʃənt bæŋk/
IPA guide

Definitions of merchant bank
  1. noun
    a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
    synonyms: acquirer
    see moresee less
    type of:
    bank, banking company, banking concern, depository financial institution
    a financial institution that accepts deposits and channels the money into lending activities
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