How Payment Facilitation Works: An Overview for SaaS Providers
Exact Payments
OCTOBER 30, 2023
Acquiring banks Acquiring banks, also known as acquirers, are banks that process payments on behalf of merchants. Issuing banks Issuing banks, or issuers, are entities that issue customer credit cards and handle the transfer of funds to the merchant’s account. This bank is known as the sponsoring bank.
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