What does the merchant acquiring fee depend on?

The fee amount depends on a number of factors. These include: the company's total turnover, the number of connected outlets, and the business area in which the company operates (Merchant Category Code (MCC)).

The fee includes:

• interbank fee (IRF);
• payment system usage fee;
  
• processing services;
  
• equipment maintenance;
  
• related expenses.
  

The largest share is the interbank fee (IRF) — it is paid by the acquiring bank to the bank that issued the card. Its amount depends on:

• card category — gold and platinum cards have a higher fee than standard cards;
• type of business activity — different IRF rates apply to different industries;
  
• payment method — magnetic stripe transactions cost more than contactless payments.