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Why "à la carte" acquiring is now on the menu for merchant acquiring

Why do merchants no longer need to choose between local and international acquirers?

Merchant card acquiring has been transformed in recent years as the payment market has evolved, segmenting into two types of acquirers – local acquirers (usually banks) and international acquirers. Both have their advantages and disadvantages, and deciding which strategy to follow has been challenging for merchants as they strive for greater control of costs, visibility, and management.

Local acquirers have strong domestic footprints and capabilities in their markets and usually offer the most competitive prices. However, their offering outside of their domestic market is weaker by comparison.

By contrast, international acquirers are sometimes more expensive but have a more substantial coverage of international payment methods such as UPI, JCB, Alipay, WeChat Pay, etc. The ability to cover several different countries with the same offer.

Today, a solution has emerged better suited to merchants' needs by combining the benefits of local and international acquiring.

 

What are the benefits from my business to move from a standard acquiring model to "à la carte" acquiring?

The new concept of an "à la carte" acquiring offer allows merchants to escape this dilemma and get the best of both worlds through a single solution, allowing cost reduction, improving financial reconciliation, and providing a more significant customer experience.

Moreover, consolidating acquiring for markets representing below one billion euros in annual turnover can generate significant operational and back-office savings.

"The savings that can be made thanks to "à la carte" acquiring are widescale, both on a per-transaction level and on the central back-office level. For large international merchants, several hundred thousand euros can be saved annually ", says Remi Maeno, VP of Strategy and Global Development at Worldline.

To find out more, download our Position Paper!

 

 

 

 

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