Home > Payment Industry > PAYMENTINSIDER > Payment Industry Term: Acquirer
PAYMENTINSIDER Payment Insider
An INSIDE Analysis of Credit Card Processing and the Payment Industry
Understanding the Payment Industry is a tough task. Merchants are faced with confusing statements, hundreds of various payment processing fees, and numerous processing options offered by Merchant Service Providers, Payment Gateways, and other payment processing entities. The PAYMENTINSIDER provides articles, posts, and whitepapers on the Payment Industry, including this article, Payment Industry Term: Acquirer, with the goal of creating transparency in this marketplace.

Payment Industry Term: Acquirer

Payment Industry terms can be confusing. In addition to the hundreds of various interchange fees, payment compliance standards, and complex statements, the merchant is also tasked with understanding industry jargon. Acquirer, when used in context with payment processing, means:

Acquirer – A licensed member of MasterCard and/or VISA (or its agent) which maintains merchant relationships, receives all bankcard transactions from the merchant, and initiates that data into an interchange system.

For additional information on payment industry terms, including articles and news on trending information, visit the PAYMENTINSIDER Topics. VeriProcess is committed to delivering maximum transparency in the payment industry.

Payment Topic: Glossary
Read articles similar to Payment Industry Term: Acquirer, including other payment processing topics and payment industry information at PAYMENTINSIDER.