Acquiring Service2023-09-19T07:22:25+02:00

Acquiring Service – Independent Acquiring

Get the right
acquiring service for YOUR business

Payment Hub | Acquiring Service | Billwerk+
Billwerk + Payments Formerly Reepay

Billwerk+ Payments is a product from the Billwerk+ office in Copenhagen, Denmark; formerly known as Reepay. The payment gateway from Billwerk+ Payments is fully-fledged and the preferred payment gateway of thousands of businesses in many sizes all over Europe.

Make secure transactions and offer YOUR customers the payment methods they prefer with the right acquiring agreements.

Billwerk+ Payments have many third party acquiring integrations, so you can get the best and most secure acquiring service deal possible for your business’ needs. The different acquirers give you access to different payment methods, and that is why it’s so important for you to choose the right acquirer service depending on where you plan to do business. You want to be able to offer your customers the payment methods they use and trust.

As an example, if you plan to do business in Denmark, Nets is the only acquiring service who can offer you Dankort – the most popular payment card in Denmark. The majority of our acquirers give you access to Visa and MasterCard, and some even handle international payment methods such as JCB, American Express, Diners Club and UnionPay.

End-to-end automated & flexible management of revenue relationships to offer YOU continuous automation of all business processes involved in the subscription management and revenue relationships.

  • Flexible and quickly adaptable product catalogue

  • Automated contract management

  • Self-service center for customers

  • Pricing and conditions management

  • Certified GoBD conformity

  • European data protection according to DSGVO

  • Out-of-the-box integrations for all needs around revenue relationships

  • Financial accounting integration incl. automated accruals and deferrals

  • Dynamic product strategy

  • Flexible platform hosting

  • Flexible, automated dunning process

  • Accounts receivable management

An acquirer is a bank who acts as an intermediary between the buyer and the issuing bank, and the acquirer is also responsible for the flow of data between the two parties. To be able to accept payment cards in your online or physical store, you will need an acquiring agreement. When you sign an acquiring agreement you are ensured that the transaction between the card payment and your bank account works.

Thanks to Billwerk+ intelligent routing, you don’t have to make an active choice of acquiring service. The intelligent routing selects your most suitable and favourably priced acquirer in our acquiring platform integrations, to suit your needs the best way possible. Intelligent routing also has the benefit of quickly switching you to another acquiring service, should the one you use fail.

More than 2000 leading companies are already relying on Billwerk+, the European market leader for subscription management and payment solutions.

RTL+
Bedrock Logo
DSB Logo
Danske Spil - Logo_billwerk+
Interflora - Logo billwerk+
matas - Logo billwerk+
Learn more
Symbion_logo

“By integrating Billwerk+ with our own system it made a big difference for our work flow. We have increased our flexibility, and made our work flow more efficient.”

Brian List, Vice President of Symbion

Learn more

How acquiring works

Acquiring is an automated process taking place in a few simple steps:

  • When your customers are shopping in your e-commerce, your payment gateway is handling their card data.

  • The card data is then sent from your payment gateway to your acquirer.

  • The acquirer checks if the customer’s payment card is valid and if there is enough money on it for the purchase.

  • If everything is OK, the acquirer tells your payment gateway that the money is authorised for transaction.

  • Your payment gateway can then settle the transaction.

  • The payment gateway tells the acquirer that they can settle the money and charge your customer. 

  • The money will now be in the acquirer’s custody until you reach the agreed payout day.

  • The acquirer transfers the money to your bank account.

How acquiring works

Acquiring is an automated process taking place in a few simple steps:

  • When your customers are shopping in your e-commerce, your payment gateway is handling their card data.

  • The card data is then sent from your payment gateway to your acquirer.

  • The acquirer checks if the customer’s payment card is valid and if there is enough money on it for the purchase.

  • If everything is OK, the acquirer tells your payment gateway that the money is authorised for transaction.

  • Your payment gateway can then settle the transaction.

  • The payment gateway tells the acquirer that they can settle the money and charge your customer. 

  • The money will now be in the acquirer’s custody until you reach the agreed payout day.

  • The acquirer transfers the money to your bank account.

Billwerk+ Payments Acquiring Service

With Billwerk+ we can help YOU to:

  • Reduce the effort and costs of your processes

  • Minimise error rates, and do so in compliance with all regulatory requirements

  • Automate contracts, recurring invoices & payments and one-off as well as periodic services

  • Increase competitiveness

  • Shorten time-to-market for new products, optimise CLV and reduce churn rate

TRY OUR PLATFORM

Try a complete setup for managing your payment gateway before you start integrating it. No credit card is needed and you can test it for as long as you need. When you’re done testing, it’s easy to convert your test account to a live account.

Learn more

More about Acquiring Service

Not sure what acquiring agreement would be best for you, or have other questions about acquiring service? Contact us – our support team is here to help you!

Can I use multiple acquiring service agreements?2023-01-14T13:39:50+02:00

Sure you can! The Billwerk+ solution is flexible to your needs, and if you have needs of multiple acquirers, subscriptions models and payment methods we can help you get this. Read here about the Billwerk+ customer Kanpla who are using multiple acquirers to suit their startup payment needs.

How do I know which payment cards I can offer my customers?2023-07-20T12:17:19+02:00

It’s your acquiring service agreement(s) who determines which payment cards you can accept. Regardless of the cards activated on your acquirer agreement, you are able to ‘overwrite’ the selected cards by using the payment method parameter. Read more about it in this help center article.

I need to change my bank account, what does my acquiring service need from me?2023-01-14T13:25:37+02:00

With most acquiring services you can change your bank account by sending an e-mail to their Support or back office with the following information: company name, merchant account number (MID), bank name, IBAN and SWIFT (BIC) code for both current and new bank account; and proof of ownership of the new bank account.

In which countries can you offer acquiring service?2023-01-14T13:18:45+02:00

The acquiring banks Billwerk+ work with offer acquiring services in countries that are part of the EU27 or EEA.

What do I need to get an acquiring service agreement?2023-07-20T12:18:29+02:00

In order to get a merchant acquiring service account, your website needs to fulfil some requirements. Read about those requirements in this help center article.

I have another payment gateway but want to change to Billwerk+2023-01-14T13:11:47+02:00

That sounds great, you are most welcome! Most of the time you can even keep using your existing acquiring service agreement. Please contact us to let us know you are changing payment gateway, and we will help you shift!

Can I use my existing acquiring agreement on a second website?2023-07-20T12:19:31+02:00

If the products sold in your new website is in the same category as the products sold in your current website and you want to receive your settlements from us in the same currency, you can use the existing acquiring service agreement. Read more in this help center article.