Each online acquiring transaction involves the following four key parties:
• Cardholder: i.e. the holder of the credit card
• Merchant: a business that sells goods or services
• Acquirer: represents the merchant in processing credit card transactions and transmits transaction information to the issuing bank's bank through card organizations such as Visa, Mastercard, Discover, or American Express. Sometimes, acquiring banks may collaborate with third parties to process payments more efficiently.
In order to smoothly accept online bank card payments, you need to establish a cooperative relationship with each participant, and DIGxOrders will provide services to link all participants for you.