Acquirer (or Acquiring Bank)
An acquirer, often referred to as an acquiring bank, is a financial institution that processes credit or debit card transactions on behalf of a merchant. It is responsible for facilitating the transfer of funds from the customer’s account to the merchant’s account, ensuring a smooth and secure payment process. The acquirer plays a critical role […]
An acquirer, often referred to as an acquiring bank, is a financial institution that processes credit or debit card transactions on behalf of a merchant. It is responsible for facilitating the transfer of funds from the customer’s account to the merchant’s account, ensuring a smooth and secure payment process. The acquirer plays a critical role in enabling businesses to accept various forms of electronic payments, thereby facilitating the seamless operation of the overall payment ecosystem.
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