How to understand acquirer processing fees

Payment acquirers, or acquiring banks, enable businesses to accept electronic payments by authorising card transactions, settling funds into merchant accounts, and managing risks such as fraud, disputes, and chargebacks. Their processing fees, also called merchant service or acquiring fees, generally combine a percentage of each transaction with fixed charges and vary according to factors including industry risk, card and payment type, customer location, and whether sales occur online or in person. Acquirers differ from payment processors, which supply technical processing infrastructure, because acquirers maintain merchant accounts and coordinate with card networks and issuing banks to complete settlement. Businesses can reduce costs through regular fee audits, comparing and negotiating provider offers, leveraging transaction volume, considering bundled services or fixed-fee arrangements, and periodically reviewing rates. Airwallex positions its global acquiring and payment services as a way for companies to manage multicurrency settlements and potentially reduce foreign-exchange costs, while noting that the information is not professional legal, tax, regulatory, or investment advice.

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