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The Merchant Acquirer market is a segment of the payments industry that facilitates the acceptance of bank cards for payment. Merchant Acquirers are typically banks or payment service providers that provide merchants with the ability to accept card payments from customers. This includes providing the necessary infrastructure, such as point-of-sale terminals, and processing the payments. Merchant Acquirers also provide merchants with the ability to manage their payments, such as tracking sales and refunds.
The Merchant Acquirer market is highly competitive, with a range of providers offering different services and pricing models. Merchant Acquirers must also comply with the regulations of the card networks, such as Visa and Mastercard, in order to be able to process payments.
Some of the companies in the Merchant Acquirer market include First Data, Worldpay, Elavon, TSYS, and Global Payments. Show Less Read more