Acquirer or Acquiring Bank

An acquirer is a bank that serves merchants. It is licensed to provide merchant accounts to qualified businesses, enabling these businesses to process payment card transactions.

Examples of acquirers include:

  • FIS (Worldpay)
  • JPMorgan Chase
  • Fiserv (First Data)
  • Bank of America
  • Global Payments

What Does an Acquirer Do?

The acquirer is contracted with a processor through a merchant agreement to perform the following duties:


Also referred to as:

  • Acquiring bank
  • Merchant bank
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