acquirer
acquirer (n)
English Definitions:
acquirer (noun)
a person who acquires something (usually permanently)
acquirer (noun)
a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock
acquirer (noun)
the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card
merchant bank, acquirer (noun)
a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
acquirer (Noun)
a person who acquires
acquirer
An acquiring bank (also known simply as an acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant. The acquirer allows merchants to accept credit card payments from the card-issuing banks within a card association, such as Visa, MasterCard, Discover, China UnionPay, American Express. The acquiring bank enters into a contract with a merchant and offers it a merchant account. This arrangement provides the merchant with a line of credit. Under the agreement, the acquiring bank exchanges funds with issuing banks on behalf of the merchant and pays the merchant for its daily payment-card activity's net balance — that is, gross sales minus reversals, interchange fees, and acquirer fees. Acquirer fees are an additional markup added to association interchange fees by the acquiring bank, and those fees vary at the acquirer's discretion.
Citation
Use the citation below to add this dictionary page to your bibliography:
Style:MLAChicagoAPA
"acquirer." Kamus.net. STANDS4 LLC, 2024. Web. 11 Dec. 2024. <https://www.kamus.net/english/acquirer>.
Discuss this bahasa indonesia acquirer translation with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In