What Is an Acquiring Bank?

Acquirer refers to a bank that pays cash in an inter-bank transaction or signs a contract with a merchant to settle inter-bank transaction funds and directly or indirectly make the transaction a transfer.

Acquirer

Right!

Acquirer refers to a bank that pays cash in an inter-bank transaction or signs a contract with a merchant to settle inter-bank transaction funds, and directly or indirectly makes the transaction a transfer.

Chinese name

Acquirer

Field

Interbank transaction

Object

Cash out or sign a contract with a merchant

Function

Direct or indirect transactions

Acquiring bank:

Acquirer refers to a bank that pays cash in an inter-bank transaction or signs a contract with a merchant to settle inter-bank transaction funds, and directly or indirectly makes the transaction a transfer.