CC MERCHANT ACCT SERVICES SUPPORT MERCHANT ACCT 101

What is an Acquirer or Merchant Bank?

An acquiring bank is a licensed member of MasterCard, Visa, and/or American Express that screens and accepts merchants into its bankcard program, processes transactions, and completes financial settlement for them.

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What is an Acquirer or Merchant Bank?

The terms acquiring bank, acquirer, credit card processor and merchant bank have the same meaning and will be used interchangeably throughout this manual. Basically, an acquiring bank is a licensed member of MasterCard, Visa, and/or American Express that screens and accepts merchants into its bankcard program, processes transactions, and completes financial settlement for them.