Merchant Acquiring
/ˈmɜːrtʃənt əˈkwaɪərɪŋ/
Definitions
- (n.) The process by which a financial institution or acquiring bank processes credit and debit card payments on behalf of a merchant.
The company specializes in merchant acquiring services to facilitate card transactions.
- (n.) The contractual relationship establishing rights and obligations between the acquiring bank and the merchant.
The merchant acquiring agreement outlines fees and chargeback procedures.
Forms
- merchant acquiring
Related terms
See also
Commentary
Merchant acquiring is fundamental to electronic payment law; contracts here typically govern fee structures, liability, and dispute resolution between merchants and acquiring banks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.