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Frequently asked questions
What is acquiring in payments?
In the context of payments, acquiring refers to the process by which a merchant or business accepts and processes electronic payments, such as credit card transactions, debit card transactions, and other forms of electronic payments from customers. Acquiring involves the entire chain of activities necessary for a merchant to receive funds from a customer's payment card or digital wallet.
How to accept payments online?
To accept online payments, you need to choose a reliable financial service provider. When the choice is made, your company provides business details and describes the business activity. Financial service provider conducts a fast compliance process and gives the client credentials and a payment dashboard for processing and controlling transactions.
What types of payment acceptance are available in Sends?
Sends provides card acceptance and alternative e-commerce payment methods.
What rate applies in Sends?
Client rates depend on the type of business and transaction volumes. They can range from 2% up to 5%.