Workspaces
Glossary

Merchant

A business that accepts payments for goods or services via card or alternative rails.

POSE-Commerce

A merchant is a business that accepts payments from customers, typically via a payment gateway and an acquiring bank. Merchants are subject to KYB checks and must follow scheme and compliance rules (e.g., PCI DSS) before transacting.

Costs for merchants include interchange fees, scheme fees, and processor markups. Choosing routing strategies (e.g., more debit vs. credit, or domestic rails like giro card) can lower acceptance costs.

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Related terms

Keep learning with these nearby definitions.

Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.
Merchant