The quote in the subject is from the Visa Direct API overview :
it is not clear, form the information provoided, what makes a third party eligible.
pleasse provide the qualifications for eligibly.
In order to an eligible originator to perform the Visa Direct services you are required to procure an Acquiring BIN from a sponsoring financial institution.
Please refer to the section on "An Acquiring BIN and its Country Code" at the following URL https://developer.visa.com/products/visa_direct/guides
Hope this helps - let me know if you have any further questions!
So to be able to use the VISA Direct api, we would need to obtain an Acquiring BIN.
If my local bank issue VISA cards, is it an eligible party to provide the Acquiring BIN? If yes, what documents do i need to make a request for an Acquiring BIN.
There is seriously a lack of information to get started with the Visa Direct.
Happy to help here!
Sponsoring banks control the entire BIN Sponsorship process. From what Visa knows, in that process, banks can sometimes require specific documents or other business case requirements in order to sponsor you, that is up to the bank.
We encourage you to connect with a bank to know more about their on-boarding process as each bank does these things differently.
Hope this helps!