Acquirer (or Acquiring bank)

A bank or a financial institute, which acquires funds for its merchant from a shopper.

To accept card payments, an acquirer should be licensed by corresponding card networks and either partner with a payment processor, or be a payment processor itself.

Sometimes, a payment service provider may operate as an acquirer in certain regions (for example, Adyen is eligible to providing acquiring services to its clients in the U.S., Brazil, Hong Kong, Australia and Europe).