How payments are structured
An acquiring bank sponsors a merchant into the card networks and settles funds under network rules. A payment services provider supplies processing and servicing on top of that bank relationship. PeptideApprove provides merchant services: qualification, onboarding, and ongoing support. It is partnered with the acquiring bank.
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Sales pages often say processor when they mean the company that sold the account. The merchant agreement is the place those roles are named. PeptideApprove's public disclosure uses sponsor-bank, acquiring, processing, and payout partners for the parties that move money.
PeptideApprove provides the merchant services and is partnered with the acquiring bank. The acquiring bank sponsors card-network access and money movement. PeptideApprove is the merchant-services company the merchant works with.
Qualification, onboarding, and ongoing support are PeptideApprove's work. Settlement runs through the acquiring bank it is partnered with, and that bank's processing partners.
An acquiring bank sponsors the merchant into the card networks and settles card funds under network and bank rules. A payment services provider (PSP) supplies the technical and servicing layer that sits with that bank relationship.
PeptideApprove provides those merchant services and is partnered with the acquiring bank that sponsors the merchant and settles funds.
PeptideApprove provides merchant services: qualification, onboarding, and ongoing support, in partnership with the acquiring bank. A processor moves the transactions with that bank.
Contracts should name who underwrites, who settles, and who the merchant calls for support. Those parties can be different companies.
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