What does the merchant acquiring fee depend on?

The fee amount is determined taking into account the company's turnover, the number of retail outlets, and the specifics of its business.

The fee includes:

• interbank fee (IRF);
• payment system remuneration;
• processing service fees and POS terminal maintenance;
• additional expenses.
  

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

The rate is affected by:

• Card type. The higher its status, the greater the fee;
• Business category. Different industries have their own tariffs & fees;
• Payment method. Payments made using the magnetic stripe cost more than chip or contactless transactions.