eCommerce Glossary
This e-commerce glossary features over 250 essential terms every online seller should know to succeed in digital commerce.
eCommerce Glossary
This e-commerce glossary features over 250 essential terms every online seller should know to succeed in digital commerce.
An acquirer, also known as an acquiring bank, is a financial institution that enables merchants to accept credit and debit card payments. It acts as a crucial intermediary between the merchant, the cardholder’s issuing bank, and the card networks such as Visa, Mastercard, American Express, and Discover.
Acquirers are responsible for processing payment transactions, ensuring that funds move securely and efficiently from the customer’s account to the merchant’s account. They are an essential part of the electronic payment ecosystem in both e-commerce and physical retail.
Overall, acquirers serve as intermediaries between merchants and card networks, facilitating the exchange of funds and ensuring the efficiency and security of electronic payment transactions. Their role is vital in enabling businesses to accept card payments and conduct commerce in today’s digital economy.