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UniPayGateway

April 26, 2017
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.

My works have been cited across media and payment blogs. I do my best to help businesses make the most efficient financial decisions that can positively and significantly improve their business growth.

Whether you are a seasoned investor or just starting out in the world of payments, my writing is designed to be accessible to everyone and help people navigate the complex world of payments. So if you want to stay up-to-date on the latest trends and insights in the payment industry, be sure to check out Paylosophy and my published works.

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. On a regular basis, I work with a team of knowledgeable technical people in the space, and I am passionate about finding creative solutions to the challenges presented by the Payments Industry.

I would be happy to help with any questions you might have regarding credit card payment processing, merchant services, EMV certifications, the various ways of becoming a payment facilitator or a payment platform, as well as any other Payment Industry related issues you might be struggling with. Feel free to follow me on Quora, and don’t hesitate to send me links to the specific Quora questions you would like me to answer.

Acquiring Bank Partnerships

Acquiring Partner

If you want to become a PSP and provide payment gateway services to your sub-merchants, you need to be familiar with the concept of acquiring bank. In order to process transactions for your sub-merchants, beside some payment gateway software product, you need to find an acquiring partnership. In fact, choosing an acquiring bank, that can issue merchant accounts to you and your merchants, is a first-priority task, that comes even before payment gateway selection. The role of acquiring banks in the merchant services industry is extremely important. Your acquirer (sometimes called your merchant bank) is the entity that processes transactions on your behalf. When it underwrites you (as a merchant or a payment service provider), it faces considerable risks, associated with potential merchant fraud and credit card chargeback fraud. That is why, even if your potential acquiring partner supports the MCC codes of your sub-merchants and operates in the countries, where your business is located you will have to go through rigorous credibility verification procedures before it actually underwrites you. We should also note that any debit and credit card acquirer uses some payment processing solution that you need to integrate with. So, integration is another important issue to be considered while establishing your acquiring partnership.

To learn more about the role of acquiring banks in the merchant services industry, read the respective article on Paylosophy.

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