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A merchant is a person who trades in goods produced by other people, especially one who trades with foreign countries. Merchants have been known for as long as humans have engaged in trade and commerce. Merchants and merchant networks operated in ancient Babylonia, Assyria, China, Egypt, Greece, India, Persia, Phoenicia and Rome.
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage, it is the same as an investment bank . Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants .
Merchant services is a broad category of financial services intended for use by businesses. [1] In its most specific use, it usually refers to merchant processing services that enables a business to accept a transaction payment through a secure (encrypted) channel using the customer's credit card or debit card or NFC / RFID enabled device.
A merchant account is a type of bank account that allows a seller, known as the merchant, to accept payments by debit or credit cards.A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions.
The medieval Merchant Guild House in Vyborg, Russia. The guild system reached a mature state in Germany c. 1300 and held on in German cities into the 19th century, with some special privileges for certain occupations remaining today. In the 15th century, Hamburg had 100 guilds, Cologne 80, and Lübeck 70. [31]
Merchant is a surname of Old French origin, meaning a merchant or trader, and was originally given as an occupational name to a buyer or seller of goods. It is shared by the following people: Ajit Merchant (died 2011), Indian composer; Ali Merchant (born 1988), Indian actor; Andy Merchant (born 1950), American baseball player
Lex mercatoria (from Latin for "merchant law"), often referred to as "the Law Merchant" in English, is the body of commercial law used by merchants throughout Europe [disputed – discuss] during the medieval period.
The United States Merchant Marine [1] [2] is an organization composed of United States civilian mariners and U.S. civilian and federally owned merchant vessels.Both the civilian mariners and the merchant vessels are managed by a combination of the government and private sectors, and engage in commerce or transportation of goods and services in and out of the navigable waters of the United ...