An Acquirer, also referred to as a Merchant Acquirer, is typically a bank or financial institution that processes Credit Card or Debit Card or wallet payments on behalf of a merchant. They aggregate and separate those payments and then send them to Issuers, normally via the respective Card Scheme networks. The Acquirer is responsible for clearing transactions after they are charged to a cardholder. That is, the Acquirer makes the deposits into a Merchant Account when card or wallet payment transactions are processed.