Acquirer Definition.
Institution (a bank or payment institution) that signs up merchants, collects their transactions, guarantees their payouts, and bears the financial risk of chargebacks. It is a scheme member on the acquiring side and earns its revenue from the merchant service charge (MSC). Examples in France: the incumbent banks, Worldline, Adyen, and Stripe.
See also
Where this term appears
GuideThe four-party modelGuideThe role of banksGuideMerchant, acquirer, PSPGuidePayment schemesGuidePayment regulationGuidePayments in GermanyGuidePayments in AustriaGuidePayments in the BalkansGuidePayments in the Baltics and FinlandGuidePayments in the Netherlands and BelgiumGuideProtecting customer funds, and what happens when the institution failsGuidePayments in Germany, Austria, and Switzerland