Acquiring Bank means the entity that initiates and maintains relationships with Merchants for the acceptance of a Credit Card.

Examples of Acquiring Bank in a sentence

In such instances a predefined Transaction limit you establish in your sole discretion can be configured so that charges above this limit are automatically rejected and charges below this limit are automatically accepted without approval of the Merchant Acquiring Bank.
NCR Voyix reserves the right to charge you an additional development fee to cover costs in the event that the Merchant Acquiring Bank requires NCR Voyix or its third-party suppliers to complete an accreditation procedure with respect to the EMV PSP Service or the Terminal.
Subject to the Merchant Acquiring Bank allowing deferred authorizations, the EMV PSP Service is configured to accept Cards when communication with the Merchant Acquiring Bank is unavailable (“Deferred Authorization” mode).
Subject to the Merchant Acquiring Bank allowing deferred authorizations, the EMV PSP Service is configured to accept Cards when communication with the Merchant Acquiring Bank is unavailable (D“eferred Authorization”mode).
Upon termination, and if required by The Acquiring Bank, The Merchant shall maintain an escrow account with The Acquiring Bank.

More Definitions of Acquiring Bank

Acquiring Bank means a bank or financial institution that accepts credit and/or debit payments (including credit cards, debit cards, stored value cards and pre-paid cards) for products or services on behalf of a merchant, including processing and crediting those payments to a merchant.

Acquiring Bank means each of the financial institutions PayPal partners with to process your Card payments, including your Direct Payments and VT Payments, and each of your Card funded PayPal Checkout payments, and with whom you entered into a Commercial Entity Agreement.

Acquiring Bank means a bank or financial institution that processes credit or debit card payments on behalf of a merchant;

Acquiring Bank means a Person authorized by a General Purpose Card Network to enter into agreements with Merchants to accept that Network’s General Purpose Cards as payment for goods or services.

Acquiring Bank means a participating bank that is appointed by a Seller to facilitate the Seller’s collection of online payments via FPX. The Acquiring Bank validates the crediting request received from FPX system and credits payments to the Seller’s bank account

Acquiring Bank means a financial institution that accepts or acquires payment transactions from a card issued by itself or another financial institution.

Acquiring Bank means the bank or financial institution that processes payments for You;