Acquirer

An acquirer is a bank that processes credit and debit card transactions for a merchant.

Related Terms

  • Interchange

    Interchange is a small fee paid by a merchant's bank (acquirer) to a cardholder's bank (issuer) to compensate the issuer for the value and benefits that merchants...

    Learn More

  • Originator

    A company, individual or entity that initiates entries into the ACH network.

    Learn More