Meaning Acquiring Bank/Merchant Bank
What does Acquiring Bank/Merchant Bank mean? Here you find 2 meanings of the word Acquiring Bank/Merchant Bank. You can also add a definition of Acquiring Bank/Merchant Bank yourself
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Acquiring Bank/Merchant BankThe bank that does business with merchants enabling them to accept credit cards. A merchant has an account with this bank and each day deposits the value of the day's credit card sales. Acquirers buy (acquire) the merchant's sales slips and credit the tickets' value to the merchant's account.
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Acquiring Bank/Merchant BankThe bank that does business with merchants who accept credit cards. A merchant has an account with this bank and each day deposits the value of the day's credit card sales. Acquirers buy (acquire [..]
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