Payments Definitions Glossary

What is an Acquiring Bank?

Acquiring Banks enable merchants to accept payments online through their internet merchant service. An Aquiring Bank is an alternative to a Payment Bureau.

NETBANX is a Payment Bureau

At NETBANX we collect and process card details on behalf of the merchant through our Payment Bureau Service. This enables businesses to start accepting online payments without requiring an Internet Merchant Account. An ideal choice for start up companies who need to start accepting online payments straight away.

Find out how NETBANX can help new businesses accept payments online. 

Get started with NETBANX. Contact us today.

More Payment Definitions

Asking yourself "what is PCI Compliance"? Find out about more payment terminology from our payments glossary, including what is: 1-Pay Direct | 3D Secure | Acquiring Banks | Address Verification System | Bureau Service Provider | Credit Card Payment Provider | Credit Card Processing | Credit Card Processor | Debit Card Processing | Deferred Billing | Dynamic Currency Conversion | Electronic Payments | ELV Payments | Giropay Payments | Internet Merchant Account | Merchant Account | Merchant Account Provider | Merchant ID | Online Credit Card Processing | Online Direct Debit | Online Merchant Account | Online Payment | Online Payments | Paperless Direct Debit | Payment Bureau | Payment Gateway | Payment Processing | Payment Processor | PCI Compliance | Shopping Cart