cardacquiring
Card acquiring refers to the process by which a merchant accepts credit or debit card payments from customers. This involves setting up the necessary infrastructure and processes to handle transactions securely and efficiently. The key player in this process is the acquiring bank, also known as the merchant bank, which is a financial institution that has a relationship with the merchant. The acquiring bank authorizes and processes the card transactions on behalf of the merchant.
When a customer presents a card for payment, the transaction details are sent through a payment gateway