A commercial contract is a contract that governs the relationship between a company and the merchant who buys a bank with which he is a partner. This document describes all the electronic payment services that the merchant who buys the bank is willing to provide. In cases where merchants do not authorize electronic payments and only accept cash, they will generally create a standard bank account that will have their own contractual requirements and arrangements. The acquisition of banking relationships allows merchants to sell goods and services using electronic payment methods. This partnership includes collecting information from the distributor`s payment gateway technology, communicating with card issuers via the purchaser`s network, obtaining authorization and billing the transaction to the dealer`s account. Merchant agreements indicate extensive rules, including the following requirements: in most cases, these banks are responsible for facilitating all aspects of the electronic transaction process. Commercial banks also often serve as credit card providers for both open-loop and closed-loop trading cards. The fees paid by merchants for electronic payment services vary according to online transactions and fixed transactions. Merchants are generally required to pay the purchaser, for each electronic transaction, a high fee covering both the purchaser`s costs and the processor`s costs. As a general rule, purchasers also charge a monthly fee for billing and bank account services they provide to merchants.

While merchant agreements generally apply to sellers of goods or services, they can also be addressed to foundations and non-profit organizations.