Company owners who are classified as credit risk, though, will also take credit cards without a merchant account by enrolling with a third party credit card processor or third party merchant. They allow you to process customer purchases through an online payment portal.
Ccounts Receivable (AR) is the income or fees the company receives from its customers who bought its goods and services. Accounts receivable is the amount owed to a business that delivers goods and/or services on credit. The term receivable trade is often used instead of receivable accounts. … The unpaid balance is reported as part of the current assets listed on the company’s balance sheet.