Payment Glossary

Acquirer

An acquirer is a bank that processes credit and debit card transactions for a merchant.

Related Terms

  • ACH Debit

    An ACH debit occurs when the receiver’s account is debited.

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  • Chargeback (Card Processing)

    A chargeback is a transaction that is returned by the card issuer to a merchant’s acquirer bank because of a dispute, processing or point-of-sale error, or fraudulent...

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