PAYMENT GLOSSARY

Acquiring Bank

An acquiring bank provides credit card merchant accounts. It’s a bank that has a relationship with Visa® and Mastercard®, as well as your bank and is sometimes referred to as the clearing bank. The acquiring bank is responsible for clearing transactions after they are charged to a cardholder. That is, the acquiring bank makes the deposits into a bank account when credit cards are processed.

Discover more payments terms

View all terms
SWIPESUM.CONSULTING

We help businesses make intelligent payment decisions.

Learn more about Swipesum
audit

Start with a free audit of your payments processing statements

Schedule an audit
consultation

Connect with a payments expert and get a free initial consultation

Book consultation