Payments Basics

Card payments who is who

Infographic: Who Is Who in Card Payments?

Acquirers, issuers, merchants, card schemes. The card payments universe can be complicated for the uninitiated. If you’re a business owner, knowing all the actors that come into play each time you accept a customer’s payment card can help you make the most informed decisions for your business. So, who are the players, what do they do, and how does each affect a merchant like you?

card schemes payments

Card Schemes: Everything Merchants Need to Know

Card schemes are the main authorities in electronic transactions. When it comes to taking card payments, merchants need to make sure they are complaint with their policies and regulations. That’s why getting to know them is key for your business.

merchant what is

Payments Basics: What is a Merchant and Why Do I Need a Merchant Account?

The supermarket chain near your house with the best chocolate selection. The taxi company which takes you home safely after a night out. The online store which sells your favourite brand of sports equipment. Your business – whether it is online or a brick and mortar store or restaurant. What do they all have in common? They’re merchants.

what is an issuer

Payments Basics: What is an Issuer

An issuer is a bank or financial institution which provides debit, credit, and/or prepaid cards to consumers on behalf of payment card schemes. Typical payment card schemes include Visa and Mastercard, for example. In 2018, 668.87 million cards were in circulation in the EU alone. Every one of these cards was provided to consumers via an issuer.

what is an acquirer

What is an Acquirer and Why You Need (a Good) One

If you’re an entrepreneur looking to accept debit and credit cards for your business, you’ve come across the word “acquirer”. In the payments industry, acquirers go by a few different names. You may have heard them being called a merchant account bank, a merchant bank, or a settlement bank.

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