Merchant accounts
A merchant account is a type of bank account that allows businesses to accept and process credit and debit card transactions. A merchant account is often necessary for certain kinds of business, especially those operating online. This kind of account is specifically used to identify the vendor as the owner of the purchase information sent to the bank and the recipient of the money from the transaction. Merchant accounts are provided for a specific vendor by an “acquiring bank”, under an agreement to settle payment card transactions.

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In Bulgaria, the amount of alternative and nuclear energy consumed amounts to 25.3% of the total energy use. Bulgaria emits 6.7 metric tons per capita of CO₂. The number of road motor vehicles per 1000 inhabitants in Bulgaria is 249.

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As different legal entities are usually subject to different taxation rules, it is essential to have a clear vision for your company, including its scope of activity and corporate structure. For tax planning purposes, it is crucial to choose the right legal structure for your business; otherwise, you risk incurring extra expenses that could easily have been avoided.

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