acquirer JUST WRITTEN FOR YOU
/ækˈsɪɡər/ · ac·qui·er
noun
- One who acquires or gains possession of something. The acquirer of the company will oversee the merger.
noun
- A bank or financial institution that processes credit card or debit card payments on behalf of a merchant. The acquirer will handle the transaction fees for the online store.
Did you know? The term 'acquirer' is commonly used in the context of financial transactions, particularly in the credit card industry, where the acquirer is responsible for processing payments on behalf of merchants.