What is Acquiring and How Does it Work?

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Acquiring is the process through which merchants accept card payments. An acquirer, typically a bank or financial institution, provides a merchant account and connects the merchant to card networks for transaction authorization and settlement. When a customer makes a payment, the acquirer receives the transaction request, validates it via the card network and issuer, and ensures the merchant gets paid once the transaction is approved.

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Acquiring also involves risk management, fraud monitoring, chargeback handling, and currency conversion for cross-border transactions. Merchants rely on acquirers for seamless transaction processing, efficient fund settlement, and integration with payment gateways or POS systems.

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Monavate complements acquiring by enabling businesses to manage payment acceptance alongside card issuance. By integrating issuing and acquiring operations, Monavate allows fintechs and businesses to issue cards, accept payments, and monitor transaction flows from a single platform. Real-time reporting, spend controls, and automated reconciliation make the acquiring process efficient, secure, and transparent, giving merchants and fintechs greater visibility and control over their entire payments ecosystem.

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