What is the acquiring bank?

Acquisition Bank is a financial institution that provides a credit line for the processing of credit card transactions. The credit line is commonly known as a business account and function like Clearinghouse, where credit card payments are processed, kept, cleaned and then released by sellers. Obtaining banks serves as a contact between the seller on the one hand and the Association of cards and the buyer's bank on the other. Buyers expect that they will have common options for their goods. Any dealer who refuses to accept credit card payments from the main credit card associations, risk the loss of business. However, the card association does not deal directly with sellers. This bank makes a payment for goods whenever the card association allows the transaction against the buyer of the Redita. Instead of dealing with millions of retailers directly, the Association of Cards and Banks of Buyers and Banks requires the Seller's reliability to process credit transactions and over time to manage the relationship withRedit cards with the seller. The acquisition bank is the intermediary.

The business account is not as easy to open as a regular bank account. Since the acquiring bank is responsible for the reliability of the seller in the cards of cards, it usually requires that the company proves that it is trustworthy and has links. Credit card transactions can be misused by dealers through fraudulent or unauthorized transactions placed on cards or ruthless business practices that in the buyer's mistake pay for something later claiming that he does not meet his expectations. Card Associations penalize banks that maintain business accounts open with dealers that have a certain percentage of customer problems.

Acquisition Bank provides its facilitating service for a fee called the Zopyeler fee. This fee is on top of the exchange fees that the cards of cards charge for the sellerallowed him to use the card network. Some other fees apply to the account if the buyer buys items in a certain way, for example, by phone instead of entering the store in person. The most expensive way to accept payment is via the Internet. Payments for Internet payments are usually preceded by any other kind of presentation, because the risks associated with the buyer who do not submit the card personally or to the seller who does not work with the buyer at all.