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 offers acquiring services
At NETBANX we collect and process card details on behalf of the merchant through our acquiring 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. Contact us today.
More payment definitions
Asking yourself “what is PCI compliance?” Find out about more payment terminology from our payments glossary.
