General information

Acquiring is a service for accepting cashless payments that allows customers to pay for purchases with bank cards, as well as via Mir Pay on smartphones and other devices.

When paying through a payment terminal, the money is first credited to the acquiring bank and then transferred to the seller's current account.

There are two types of acquiring:

• Merchant acquiring — card payment through a terminal at the checkout or to a courier.
• Internet acquiring — accepting online payments through the company's website.

The acquiring fee amount depends on the company's turnover, the number of retail outlets, and the business sector.

The fee includes:

• Interchange fee (IRF);
• Payment system fee for card usage;
• Processing services;
• Equipment maintenance;
• Other costs.

The main part of the fee is IRF, which the acquiring bank pays to the card-issuing bank. Its amount depends on:

• Card category —  the higher the status (standard, gold, platinum), the higher the fee.
• Business type (MCC) — different rates are set for different business sectors.
  
• Payment method — payments via magnetic stripe are more expensive than contactless transactions.
  

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

It is also possible to accept cashless payments through another credit institution and credit the funds to a current account with Uralsib. However, in this case, acquiring fees and payment crediting times may be higher.

Connecting acquiring at Uralsib is quick. You only need to submit an application, wait for a specialist’s call, and sign the agreement. The terminal is delivered free of charge, and setup takes minimal time.

Uralsib provides prompt equipment replacement. In the event of a breakdown, simply contact the support service, and you will be provided with a new terminal.