Merchant
Acquiring

epay offers acquiring solutions in multiple countries:

• Processing and authorization of transactions with international card brands (EMV): Mastercard credit and debit, Visa credit and debit, Maestro debit and V-Pay debit
• Processing and authorization of transactions with Alternative Payment Methods (APM): AliPay, AliPay+, WeChat Pay, PayPal QR, and Bluecode

Benefits of epay acquiring include:

• Clearing and settlement of all of the above mentioned payment methods
• One contractual partner of the merchant
• Billing and reporting for all payment methods from a single source

Acquiring provides the following services to merchants:

• Processing of card payments
• Providing a payment guarantee and the transfer of funds to the merchant’s bank account
• Reporting (billing or statistics)

What is an example of the processing transactions?

• An acquirer enables transactions to be authorized and carries out both clearing (the processing) and settlement (the payment of the transaction amounts, minus any chargebacks and fees) for the merchant.

Here is an example of the authorization process:

• A brick-and-mortar merchant accepts a card payment via point-of-sale (POS) terminal.
• The terminal sends the transaction data to the acquirer, who forwards the transaction via the card networks to the issuer’s bank for approval.
• The issuer approves or declines the transaction and sends the authorization response to the acquirer, who forwards it to the merchant. Cardholder interaction may be required for the authorization process, entering the PIN, for example.