What does the merchant acquiring fee depend on?

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.