Advantages of PayXpert's acquiring services

Did you know that acquiring banks, payment gateways, Point of Sale (POS) manufacturers, and other payment processing companies can benefit from partnering with PayXpert?

We help you create the best payment experiences through constant payment technology innovation for businesses. 

Acquiring is the process whereby traditionally, a bank or, more recently a company (with the correct financial payments license), enters into a commercial relationship with the Card Schemes to offer merchants an account to process credit and debit card transactions on behalf of the merchant.

Some of the best-known Card Schemes are Visa, MasterCard, Discover, UnionPay, American Express and Japan Credit Bureau (JCB).

The process for a bank or financial institution to become an acquirer with a card scheme requires commercial contracts, technical system integrations, and certifications before any transactions can be processed for merchants in a live environment.
The situation is made more complex by the fact that each payment channel that the acquirer wants to offer the merchant (eCommerce transactions, MOTO, physical Point of Sale (POS) transactions) requires separate development, integration, and testing per Card Scheme.

This is why many acquirers do not offer merchants the full range of international payment methods that are available, or if they do, they only offer some of the Card Scheme payment options on certain payment solutions – e.g., a merchant account might be enabled for one payment scheme for their eCommerce transactions but not enabled for the same payment scheme for their physical POS transactions; even if the acquirer if a full member of that Card Scheme.

This is where PayXpert's acquiring service offers advantages to merchants, traditional acquirers, payment gateways, and POS integrators.

Payment Acquiring Service

PayXpert is both a “Fintech” and an acquiring bank. Over the last 18 months, PayXpert has become a direct acquirer member of Unionpay, Discover, and other payment schemes such as Alipay and WeChat. More payment schemes will be added in the next 3-6 months.

• For merchants

PayXpert can offer you direct merchant accounts for eCommerce and physical POS transactions.

• For acquirers and POS integrators

This means PayXpert can partner with you and improve your international payment acceptance capabilities across your eCommerce and physical POS products.

Our payment gateway, which can be white-labeled if required, is standing by to help merchants and acquirers increase the payment methods they offer to their customers.

We can also route domestic transactions to partner acquirers in France, Germany, Spain, and the UK to ensure they are processed at the lowest possible costs.

For physical POS transactions, PayXpert is working as a direct acquirer with a number of POS hardware manufacturers to certify their new android POS devices, including Castles, PAX, Newland, and Sunmi, for different payment Schemes.

We can then partner with acquirers and POS integrators and add our certified payment methods to their POS devices to provide the most competitive POS payment solutions on the market.

What are the advantages of PayXpert's acquiring services?

You should consider working with PayXpert because we offer:  

• PayXpert is an acquirer with a fintech DNA.
• Wide range of supported international payment methods.
• Support for physical POS and eCommerce transactions.
• Certify your POS for the worlds leading international payment schemes.
• Accelerate your payment acceptance strategy and speed to market.
• Dramatically reduce your implementation and certification costs.
• Continued support for new payment solutions, including credit card, debit card, and QR code payments.
• Low-cost domestic transaction routing to Visa MasterCard acquirer partners in France, Germany, Spain, and the UK.
  

If you would like to know more about PayXpert's acquiring service offering both direct merchant accounts and payment partnership opportunities for 3rd party acquirers, payment gateways, and POS integrators, then please contact us.