Acquiring is the ability
to make payments by any cashless method:
with debit and credit cards, through the Mir Pay app on
mobile phones or wearable devices linked to them.
The current account of a trading company is serviced using
a payment terminal. After payment for goods or services, the funds are transferred to
the acquiring bank and then to the seller's account.
Internet acquiring is a service for accepting online payments for the purchase of goods or services on the internet that The bank provides to companies. With internet acquiring, customers can make payments using bank cards and any other cashless methods.
Merchant acquiring is a bank service
that enables retail and service businesses
to accept payment for their goods, work, and services by any cashless method.
The acquiring fee amount for acquiring depends on
a number of factors:
The company's turnover.
The number of outlets.
The type of business activity.
The acquiring fee consists of:
interbank fee (IRF);
the payment system fee for the use of a plastic
card;
processing services;
equipment maintenance;
indirect costs, etc.
To a large extent, the cost of
acquiring is made up of IRF, which the acquiring bank pays to the card-issuing
bank. The interbank fee amount is formed based on:
The card category. It may be standard, gold,
platinum, etc. The higher the category, the higher the acquiring fee.
The merchant's type of business activity (Merchant Category Code (MCC)). A separate IRF rate is предусмотрена for different categories of
businesses.
The payment method. Payments using a card's magnetic
stripe are more expensive, while the percentage is lower for contactless
payments.
Can acquiring be connected to a current account in another bank?
Yes, this is possible. It is not necessary to have a current account with the acquiring bank: you can connect Acquiring with Bank Uralsib even if your current account is opened with another bank. Conversely, you can accept cashless payments using the services of another credit institution as an intermediary to a current account with Bank Uralsib. However, please note that in this case the tariffs & fees for acquiring services and the time for funds to be credited to the account may increase.
