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TeachMeFinance.com - explain Merchant's Credit Merchant's Credit -- A form of commercial letter of credit which the buyer, with no commitment on the part of a bank, sends to the seller via a bank in the district of the buyer. The seller presents his bill of sale and evidence of shipment in order to obtain payment from the buyer. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.