What does the merchant acquiring fee depend on?

The fee amount is determined individually for each client. The bank takes into account financial turnover, the number of retail outlets, and the specifics of the business.

The fee is made up of:

• interbank fee (IRF);
• fees for the use of payment systems and processing services;
• POS terminal maintenance costs;
• other expenses.

The main share is the interbank fee. The acquiring bank transfers it to the bank that issued the client's card.

The rate is affected by:

• Card type. The higher its class, the higher the fee.
• Business category. Each industry has its own tariffs & fees.
• Payment method. Payments by magnetic stripe are more expensive than chip transactions or contactless payment.