Do you know anything about acquiring? What is it?

Acquiring is the process of accepting and processing cashless payments using bank cards. Put simply, acquiring is a service provided by the acquiring bank to retail outlets for accepting card payments.

In the context of the frontend, acquiring is related to the integration of payment systems, for example, through widgets or APIs for paying for goods and services on a website.

Example: when paying for a product on a website, the user enters card details, which are transmitted through a secure payment gateway (acquirer) to the issuing bank for transaction confirmation.

Thus, acquiring provides the technical and financial infrastructure for conducting card payments between the buyer and the seller.