what does merchant services mean on a bank statement 
merchant services providers are financial intermediaries between a bank and its business clients they may help businesses handle payment processing cash advances online transactions check writing and cashing or other necessary services to maintain cash flow can i open an account at a merchant bank merchant banks are non depository institutions that do not provide the same types of consumer services that are offered by a retail bank although merchant banks may also serve wealthy individuals their services are more focused on providing financing and investment to commercial enterprises the bottom linemerchant banks are institutions that provide loans and capital for business enterprises they may also provide consulting services or help their clients structure large international transactions merchant banks provide different services from both retail and investment banks they may have retail banking divisions but they typically don t provide banking services to the general public 