Who is the acquirer in a payment transaction?
The term merchant acquirer, or simply acquirer, typically refers to what is also known in the payments industry as an acquiring bank. This is the bank that holds a merchant's account, accepting the deposits from the merchant's sales.
The term merchant acquirer, or simply acquirer, typically refers to what is also known in the payments industry as an acquiring bank. This is the bank that holds a merchant's account, accepting the deposits from the merchant's sales.
