What does the merchant acquiring fee for legal entities depend on?

The final acquiring rate is formed taking into account several parameters: the company's turnover, the number of retail outlets, and the type of business activity.

The fee includes:

• interbank fee (IRF);
• payment system fee;
  
• processing services;
  
• POS terminal maintenance costs;
  
• additional expenses.
  

IRF accounts for the largest share of the fee. This is the amount that the acquiring bank transfers to the bank that issued the customer's card. Its amount depends on several factors:

• Card type. The higher the card class (for example, gold or platinum), the higher the fee.
• Business category (MCC). Each industry has its own rates.
  
• Payment method. Payment with a magnetic stripe is usually more expensive than contactless payment or payment using a chip.