
Open Acquiring
Open Acquiring is a comprehensive and user-friendly Acquiring and Merchant Acquiring platform designed to simplify digital merchant onboarding, streamline payment acceptance, and enable efficient management of acquiring channels. With features like Digital Merchant Onboarding, Merchant Mobile App/Portal, and Merchant Management System , it supports seamless multi-channel acceptance and empowers businesses to grow in today’s digital economy.
Key Benefits
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Core Features
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How does Open Acquiring verify Merchants during onboarding?
The system performs document verification, liveness detection, and biometric matching to ensure Merchants meet compliance requirements. It also supports geotagging for location validation and risk profiling.
Can Merchants configure MDR (Merchant Discount Rate) and settlement preferences?
Yes, the system provides flexible MDR configuration, allowing Merchants to define tiered MDRs, and custom payout schedules based on their business needs.
How does QR-based payment work, and does it support dynamic QR codes?
Open Acquiring supports both static and dynamic QR codes, allowing Merchants to generate codes for one-time or recurring payments, with or without pre-defined amounts.
Can the SoftPOS solution replace traditional POS terminals?
Yes, the SoftPOS solution enables Merchants to accept contactless card payments directly on smartphones, removing the need for a physical POS device.
Can Merchants manage their transactions in real time?
Yes, Merchants have access to a Merchant portal and mobile app to view settlements, disputes, refunds, and transaction history.
Who can use Open Acquiring?
Banks, financial institutions, payment service providers, and businesses that require a solution to accept and process payments
What payment methods does Open Acquiring support?
It supports card payments, QR code payments, pay-by-link, and real-time Request to Pay (RTP) transactions.
Can I control transaction limits and merchant categories?
Yes! Block merchants, set spending limits, and enable/disable international usage.