Acquirer

An Acquirer is a Bank that has made arrangements with businesses to accept Credit Card sales. When you pay for an item in a shop, the money is sent to the Acquirer, it then is paid into the shops bank account and they send details of the sale to the Credit Card Issuer. The card Issuer records the sale and charges it to your account. The Acquirer charges the shop a fee . The Acquirers in the UK are; Royal Bank of Scotland, Clydesdale Bank, Bank of Scotland, Nat West Streamline, HSBC and Lloyds TSB.

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