Finding an Optimal Acquiring Partner for Your Business

Written by

James Davis

Written by James Davis

Senior Technical Writer at United Thinkers

Author of the Paylosophy blog, a veteran writer, and a stock analyst with extensive knowledge and experience in the financial services industry that allows me to cover the latest payment industry news, developments, and insights. Read more

Reviewed by

Kathrine Pensatori

Reviewed by Kathrine Pensatori

Product Specialist at United Thinkers

Product specialist with more than 10 years of experience in the Payment Processing Industry. I help payment facilitators and PSPs solve their various payment processing issues. Read more

Acquiring Partner

Search for an acquiring partner is a common problem for many present-day companies, including merchants, ISOs, and payment facilitators. In essence, the acquirer is your business partner that assumes liability for you as your merchant bank. While many acquiring banks are happy to offer you merchant services, you should carefully consider all the factors that define your choice. These factors can be divided into two sub-groups: technical and business issues.

Technical issues concern particular features you expect the acquirer to support, such as real-time and batch processing, reconciliation, merchant onboarding mechanism, chargeback handling and account updater logic, and other matters related to merchant activity.

Business issues to be addressed include merchant underwriting process and conditions, pricing policy of a particular bank as a merchant account provider, and merchant category codes (MCC codes) it supports.

If you are looking for an acquiring partner, you should define which specific features you need it to support, and how much you are willing to pay for them.

If you need more information about acquiring bank selection criteria, you can find it in the respective article on Paylosophy. Beside that, our experts at UniPay Gateway will be glad to assist you with your particular quest in search of an optimal acquiring partner.