People often tend to confuse the concepts of acquirer, payment processor, and payment gateway. A merchant acquirer or an acquiring bank is a bank that underwrites (and later funds) a merchant and (what is important) assumes the liability and risk, associated with credit card fraud and chargebacks. A payment processor handles the technical aspects of […]

Date posted: May 10, 2018 | Author: | Comments Off on Acquirer, Processor, Gateway: Who is who?


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