Merchant Acquiring - profitable and safe.

Acquiring, used in trade, is a service providing for the reception of bank cards to pay for certain goods. From a technical point of view, the process of implementing technological, information and estimated the interaction between client organizations and directly to financial and credit institution, in which the used payment cards issued by the bank.

Features and benefits of merchant acquiring

Cooperation between financial institutions and trade and service company today is mutually beneficial.Merchant Acquiring Bank is to provide the possibility of using payment cards issued to them as payment for services provided by the above-named organization. In the broader sense of the term - a service that banks and trading company provides the usual consumers who do not pay for goods in cash, and his credit card.

In order to acquiring services become available, the bank must meet the following conditions:

• Place in an area that belongs to the trade and service companies, special equipment necessary to receive a payment card. It is called POS-terminals;
• Provide training for employees of the organization competent management of terminals, thus avoiding errors during payment transactions;
• Carefully check the map on the required amount of money required to pay for a particular product;
• The recoverable amount of the operations strictly stipulated in the contract period by crediting the personal account of a client;
• Provide consulting support trade and service enterprises, particularly if he is having any difficulty in use acquiring services.

If the organization is engaged in e-commerce, for example, is an online store, it is acquiring a more complicated process. First of all, we should talk about the need to develop an appropriate web interface, as well as a special processing center. It is needed for good cooperation between all parties and to ensure an adequate level of security. Processing company carefully monitors the conduct of payment by credit card, so the commission for the use of this type of merchant acquiring will be slightly higher.

In terms of the trade organization, the benefits from the use of merchant acquiring obvious. This significant increase in the customer base, which are at the hands of plastic payment cards, benefits and bonuses from the bank, as well as reducing the risk of receiving counterfeit banknotes.