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Can the merchant's personal assets be lost if the merchant account is lost?

Relevant answers:

How do you get a merchant account?
There are 3 different options regarding your payment processors. 1. 3rd Party Processors 2. Local bank (your bank refers you to a MSP [merchant service provider] 3. Go directly through a MSP...
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How does a PayPal merchant account work?
Essentially, a PayPal merchant account goes between you bank account and the customer, giving you the chance to charge for merchandise. The money goes through PayPal, and you can draw out into your...
Merchant account processing?
There are 3 different options for merchant account processing. 1. 3rd Party Processors (Paypal, 2CO, etc.) 2. Local bank (your bank refers you to a MSP[merchant service provider] 3. Go directly...