02 — Capability · BC-1730.50
Merchant Acquiring
Let merchants accept card and other electronic payments, sign them up with the right risk checks, carry their transactions to the networks and pay them what they are owed. Shops taking payments for their own orders are not acquirers.
- Acquirer Services
- Merchant Services
- Payment Acceptance
In scope
- Merchant onboarding, underwriting and terminal or gateway setup
- Transaction authorization and capture on behalf of merchants
- Merchant pricing, interchange pass-through and statements
- Merchant funding, reserves and settlement
Out of scope
- Due diligence on merchants as customers (see BC-1770.10)
- Card disputes raised against merchants (see BC-1730.60)
- Partner programs and resellers in general (see BC-440)
Realized by · 0
- No product in the catalog yet.
Used in · 3
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 4
- BC-1730.50.10Merchant Onboarding & UnderwritingSign up merchants, assess their processing risk, set limits and reserves, and set up their terminals or online gateway.
- BC-1730.50.20Acquirer Transaction ProcessingCarry merchants' card authorizations and captures to the card networks and return approvals within the time a checkout allows.
- BC-1730.50.30Merchant Pricing & StatementsPrice each merchant's processing, pass network and interchange fees through correctly, and give merchants statements that show both.
- BC-1730.50.40Merchant FundingReceive card network settlement for merchants' transactions, pay merchants their net amount on schedule, hold reserves where risk requires, and recover amounts owed after chargebacks.