With a Reepay Acquiring agreement, your customers can pay in a secure and simple solution, whether they are local or international doesn’t matter. Apply now, and you will be able to go live within 1 – 3 days.
When your customers shop in your webshop, it’s your payment gateway that handles their card data. The card data is sent from your payment gateway to your acquirer. The acquirer checks whether the customer’s payment card is valid and if there is enough money on the card. If everything is OK, the acquirer tell your payment gateway, that the money is authorized.
Now you can say to your payment gateway, that you would like to settle the money. Your payment gateway now tells the acquirer that they can settle the money and thereby charge your customer. The money will now be in the acquirers custody until you reach the agreed payout day. On the payout day, the acquirer will now transfer the money to your bank account.
Besides our own payment gateway service, we have a lot of third party acquirer integrations. The acquires give access to different payments methods and that why it is important to choose the right ones. For instance, Nets is the only one who can offer you the Dankort, if you do business in Denmark. The majority give you access to VISA and Mastercard and some can even handle JCB, American Express, Discover, Diners Club and UnionPay.