acquirer

Definitions (3)

1. A corporation or financial institution that acts as an intermediary between merchants and customers. This sort of entity mainly handles credit card processing for other companies. Acquirers are paid a certain percentage of each transaction along with any fees that the institution may impose on merchants. Acquirers are better known as Merchant Service Providers. Some of the most well-known acquirers are Visa, MasterCard, American Express, and Discover.
2. A person that receives or acquires something.
3. A company that receives or acquires something, often used when one company acquires another company or part of a company.

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