Acquiring for LLC

Acquiring is a service that allows companies to accept payments using bank cards and contactless payment devices. Settlements are processed through POS terminals at the point of sale and online. The funds are first received by the acquiring bank and then credited to the company's current account.

There are several types of acquiring:

• Merchant acquiring — for payments through terminals;
• Internet acquiring — for payments through payment systems on websites.
  
• Mobile — for accepting payments through portable terminals.
  

The acquiring fee is determined individually and depends on a number of factors: the volume of cashless payments, the number of connected points of sale, and the company's line of business.

The fee includes:

• interbank fee (IRF);
• payment system usage fee;
  
• processing services;
  
• terminal maintenance;
  
• other possible expenses.
  

The main component of the fee is the interbank fee. The acquiring bank transfers it to the bank that issued the card. Its amount is affected by:

• card type: the higher the status, the higher the fee;
• merchant category code (MCC): different rates apply to different types of business;
  
• payment method: contactless transactions are less expensive than processing payments via the magnetic stripe.
  

Yes, this option is available. You can connect Acquiring from Uralsib and use a current account with another bank. In this case, the terms for crediting funds and the fees may differ. The most favorable terms apply when using comprehensive services.

The connection process takes on average 3–5 business days. Leave a request on the website and wait for a call from an employee. They will answer all your questions and explain how to conclude the agreement. In addition, they will advise you on the timeframe for equipment installation. Please note that the bank provides the terminal free of charge. 

Uralsib provides 24/7 technical support. If an error or malfunction occurs, or if the terminal stops working, contact the bank's hotline. You can also submit a request yourself or ask your manager to do so.

Where possible, specialists will resolve the issue remotely. If necessary, they will replace the terminal free of charge.