How Allpay differs from Isracard or CAL

Allpay is a payment service that is responsible for the external, visible part of accepting payments: checkout pages, the application, and integrations with websites and online stores.

Isracard, CAL, and other credit companies are acquirers (from the verb “to acquire” — to accept or receive). They are the ones who directly accept payments and transfer funds to the business.

In Israel, a payment service and an acquirer are usually separate companies.

Allpay provides checkout pages and an API and ensures the operation of the application and integrations with websites and online stores. At the same time, Allpay does not hold customers’ funds.

Acquirers such as Isracard, CAL, and others issue the business an acquiring authorization (in Hebrew — “slika”), accept and accumulate payments, transfer funds to the business’s bank account, and are responsible for security, fraud prevention, and chargeback handling.

In Israel, only a few credit organizations, including Isracard and CAL, are licensed by the Central Bank to issue acquiring authorizations.

When you submit an application, Allpay transfers the business details to the acquirer. The acquirer makes the decision and issues the acquiring authorization. Without this authorization, Allpay cannot connect a business to accept payments.

Since the main financial risks lie with the acquirer, they may request additional documents or ask clarifying questions about the business.

Allpay is your technical representative in the world of online payments. The acquirer is your “banker”.