An acquirer is an organization with a license to process electronic payments. Usually, an acquirer is a financial institution, like a fintech company. Acquirers collect, authorize, process and execute electronic payments on behalf of merchants.
An Acquirer is the organization that takes care of the implementation of an electronic payment.
Which means, that this organization is responsible for the “settlement”, the process required in order to safely transfer the payment amount from the customer to the merchant.
For you, that you accept card payments in store or online at your eshop,app or through a Payment link, the institution or company that is responsible for this process is a very important partner, as all the income of your business thought electronic payments is in their hands.
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