An acquirer is a financial institution that processes card payments on behalf of merchants, handling the authorization, clearing, and settlement of card transactions domestically and globally. This service is critical in enabling merchants to accept credit card payments and ensuring the secure and efficient processing of transactions. The acquirer plays a key role in managing risk, preventing fraud and chargebacks, and providing support to the merchant throughout the payment process. By understanding the role and importance of the acquirer, merchants can make informed decisions about their payment processing options and choose the acquirer that best fits their business needs and goals.
PXP’s acquiring solution covers Visa, Mastercard and Maestro card transactions