What is acquiring?

Acquiring allows you to accept cashless payments in various ways: using bank cards, mobile applications, as well as through other devices.

After payment, the client's funds are first credited to the acquiring bank and then transferred to the company's current account. Special equipment is used to accept payments — a payment terminal.

There are two main types of acquiring:

• Merchant acquiring — card payments are accepted through a terminal.
• Internet acquiring — online payment for goods and services on the company's website or through digital channels.