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Fintech

Acquirer

The bank or financial company that processes card payments on behalf of a business and pays the money into its account. Also called the acquiring bank or merchant acquirer.

A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.

You'll hear it as

The acquirer is holding back funds because of the chargebacks.

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