Acquiring for vending

Merchant acquiring and internet acquiring are services for accepting cashless payments from customers. However, they operate differently.

• Merchant acquiring is used at points of sale. The customer pays for the purchase by card or smartphone via a terminal. The funds are first transferred to the acquiring bank and then to the company's current account.
• Internet acquiring is connected for servicing online stores and services. Payment is made entirely on the website. The customer enters card details or pays for the purchase via a payment system. All settlements are made without the use of a terminal.

The acquiring fee is determined based on several factors: the company's turnover, the number of retail outlets, and the business sector.

The total fee consists of:

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

The main part of the acquiring fee is the interbank fee (IRF). The acquiring bank transfers it to the bank that issued the card. The amount of the fee depends on several parameters:

• card type: the higher the card tier, the higher the fee.
• business sector (MCC): different rates apply to different types of business;
• payment method: magnetic stripe transactions are more expensive than contactless payments.

Yes, to connect acquiring, it is not necessary to open a current account with the acquiring bank. You can use Uralsib acquiring even if your current account is opened with another bank.

It is important to note that when using a third-party account, the terms may be less favorable. For example, the fee may be higher, and the time for funds to be credited may increase.

First, fill out a short online application form on this page; it will take just a few minutes. After your application is processed, a bank employee will contact you to clarify the details and offer suitable acquiring terms tailored to your business needs.

After that, you will need to sign the agreement and arrange a convenient time for the equipment installation. Usually, connecting and configuring the terminals takes from 3 to 5 business days.

If disruptions occur in the operation of acquiring, contact Uralsib technical support or reach out to your manager. Specialists will promptly help restore the equipment’s operation, configure the terminal, and resolve other technical issues. The support service contact details are specified in the agreement and published on the bank’s website.