Acquiring bank

An acquiring bank (or acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant.The term acquirer indicates that the merchant accepts or acquires credit card payments from the card-issuing banks within an association. The best-known (credit) card associations are Visa, MasterCard, Discover, American Express, Diners Club, Japan Credit Bureau and China UnionPay.

Acquiring bank

An acquiring bank (or acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant.The term acquirer indicates that the merchant accepts or acquires credit card payments from the card-issuing banks within an association. The best-known (credit) card associations are Visa, MasterCard, Discover, American Express, Diners Club, Japan Credit Bureau and China UnionPay.