1. The acquiring institution is mainly responsible for the development and management of special merchants, authorization requests, bill settlement and other activities. The acquiring institutions sign agreements with merchants or provide services for cardholders, and directly or indirectly participate in the exchange of clearing member units with transaction documents (including electronic documents or paper documents).
2. The acquiring institution is mainly responsible for the development and management of special merchants, authorization requests, bill settlement and other activities, and its income mainly comes from the rebate of merchants, other service fees paid by merchants (POS terminal rental fees and monthly rental fees) and the increase of merchants' deposits. Most card-issuing banks are also engaged in acquiring bills, and some non-bank professional service institutions are also engaged in acquiring bills.
3. High-end merchants such as restaurants, hotels, entertainment, jewelry, department stores, supermarkets, real estate and automobile sales are all in the hands of first-line acquiring institutions and banks. Although the number of core merchants with higher fees only accounts for a small part of the total number of merchants, they provide most profits for the acquiring institutions. One is the third-party payment, which is an independent institution with good strength and credit guarantee by signing contracts with major banks at home and abroad and ensuring the interests of both parties under the supervision of banks, and establishing some form of payment process of data exchange and information confirmation between consumers and banks.