Acquiring for food service businesses

Acquiring is a banking service that allows merchants to accept cashless payments from cards, smartphones, and other devices. When paying for a purchase, the funds are first received by the acquiring bank and then transferred to the seller's current account.

There are two main types of acquiring:

• Merchant acquiring — for accepting payments by bank cards through terminals installed at the checkout.
• Internet acquiring — for accepting online payments through the company's website.
  

You can connect acquiring services with Uralsib within a short time. You only need to submit an application on the bank's website, wait for a call from a manager, and sign the agreement. The bank's specialists will deliver, install, and configure the terminals free of charge within 3–5 business days.

The acquiring fee is determined based on business turnover, the number of retail outlets, and the company’s line of business. It includes:

• interbank fee (IRF);
• payment system fees for transaction processing;
  
• processing services;
  
• equipment maintenance costs;
  
• other expenses.
  

The main part of the fee is IRF. The acquiring bank transfers it to the financial institution that issued the card. The rate depends on a number of factors:

• Card type — the higher the class, the higher the fee.
• Type of activity — different industries have their own tariffs depending on the assigned MCC.
  
• Payment method — magnetic stripe transactions cost more than contactless payments.
  

If the terminal is out of order, contact Uralsib support service or your manager. The bank’s specialists will help diagnose the issue and, if necessary, promptly replace the equipment. Support is available 24/7 so that you can continue accepting payments without interruptions in customer service.

The bank provides several types of equipment so that businesses can choose the optimal solution for their needs:

• Stationary terminal — installed in the checkout area, operates from the mains, and is suitable for locations with a fixed payment point. A PIN pad can be connected if necessary.
• Portable terminal — this option is ideal for cafes, delivery services, and off-site operations. It is equipped with a built-in battery and operates autonomously.
  
• Cash register terminal — connects to cash register equipment via cable and is compatible with popular payment acceptance software.
  

In addition, specialists can install 3-in-1 cash registers featuring acquiring from Uralsib.