Why You Need An Acquirer bank to process payment

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Why You Need An Acquirer bank to process payment
Presented by Liberty Enterprises
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About Liberty Enterprises

• Liberty Enterprises Inc. was established in June
  of 1995 with an Internet presence since early
  2003. Since that time, we have provided high risk
  merchant accounts, offshore IBC company formation
  services and within the last few years, Bitcoin
  trading accounts and Panama residency services to
  businessmen and entrepreneurs across the world.

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What is an Acquiring Bank?

• As e-commerce , before you start accepting online
  payments on your website, you must sign an
  agreement with your acquirer. Without this
  document, you will not be able to receive money
  after a transaction is completed.
• There are three parties involved in every credit
  or debit card transaction the seller, the
  customer and, sitting in between them, the
  acquiring bank. An acquiring bank (sometimes
  referred to as acquirer or credit card bank)
  is an institution that has the Cards Schemes
  authorization to process a transaction so by
  signing a contract with the acquirer, a merchant
  can process credit and debit card transactions.

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How does it all work?

• When the customer arrives at checkout to finalize
  his purchase, the transaction process is first
  initiated by a payment gateway which is
  responsible for acquiring transaction
  authorization and data encryption to ensure the
  safe transmission of data along the red.
• Once the process has been initiated by the
  gateway, the acquiring bank takes the transaction
  data from the merchant and passes it on to the
  card association (VISA, Mastercard, Discover,
  American Express, etc).
• The card association, along with the issuing bank
  (the bank of the customer), verify this
  information and establish the authenticity of the
  transaction by confirming that the card is valid
  and has sufficient funds.
• Once the transaction has been approved, the card
  association and the issuing bank send their
  approval to the Acquiring bank to credit the
  funds to the merchant. The settlement of the
  funds between accounts usually happens at a
  regular frequency.

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Why us for Acquiring Banks?

• At this time, we specialize in enabling large
  PSPs, in the high-risk merchant processing
  arena, establish strong long terms relationships
  with professional competent banks.
• All PSP are extensively background checked,
  licensed and have proven low
  chargeback histories that have verified with
  physical hard copies of previous
  chargeback statements.
• We have ability to provide large safe 8 figure
  monthly processing volume from proven PSP
  with AAA reputations within their respective
  industries.
• Please feel free to contact us today to discuss
  future business.