Merchant services Houston providers act as a financial companion for businesses, helping to handle payments smoothly. Merchant accounts are specialized account that enables companies to accept and process electronic payments. Another main part of merchant service is a credit card terminal which helps to accept card-based payments; It supports different payment modes like chip, pin, swipe, etc. The next important part is the point of sale system; it is useful to manage inventory, sales, and customer relationships. Steps involved in merchant processing are in the first step customer initiates payment, then payment information is sent to the service provider, transaction details are sent to the customer's bank and company, then an approval request is sent from the customer's bank, etc.