Payment for the order

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A customer at a regular store can place a card or smartphone on the acquiring terminal or pay via QR code. Then, if the payment amount exceeds the limit set by the bank, the terminal can request a PIN code.

The payment gateway sends a request to the payment benin whatsapp phone number system and the issuing bank. The bank sends the client a code in an SMS message. This code is required to confirm payment. In essence, this is an analogue of the user's signature.

4. Checking data, approving or rejecting the transaction

When purchasing through a terminal, payment data is sent to the payment system and the issuing bank. They check the presence of the card, its solvency, the balance on the account and the PIN code. If there are no problems, the transaction is approved. If something is wrong with the card, the transaction is rejected.

Online, the issuing bank checks the presence of the buyer's card and its solvency, the balance of funds in the account and the entered code from the SMS. If everything is in order, the transaction is approved. If there are insufficient funds in the account, an incorrect code from the SMS was entered, or any restrictions are set, for example, on the maximum amount of payment on the Internet, the transaction is rejected.

5. Write-off of buyer's funds

The issuing bank debits the purchase amount from the customer's account and sends it to the acquiring bank through the payment system.

6. Generation of a receipt and check transferred to the client

The terminal installed in a regular store generates and prints a receipt in two copies - for the seller and the buyer. The document indicates how the payment was made. If the customer's signature is required to confirm the payment, he or she puts it on the receipt, along with which a cash register receipt is issued.

The online store sends a receipt to the customer's e-mail, which indicates the date and time of the purchase, its cost, as well as the identification number and transaction status. The buyer also receives an electronic cash receipt in a standard format, which contains all the information about the payment.



How much does acquiring cost?
The cost of the acquiring service consists of commissions and additional payments that acquiring banks and payment aggregators set independently.

By connecting acquiring, companies pay a commission only to their acquiring partner. In most cases, the commission for customer payments from bank cards is 2.5–3%, and for the SBP — 0.7–1%. On our platform, the commission for accepting payments from cards of Russian banks is on average 2.8%.

In Russia, there are also so-called “preferential categories” of payment by bank cards (payment for medical and educational services, taxes, housing and communal services), where the conditions are close to the cost of payment by QR code through the SBP - from 0.7% to 1.5%.

The issuing bank's commission is approximately 75% of the acquiring commission, and everyone's favorite cashbacks are accrued from this share. The rest of the commission is divided approximately equally between the payment system (approximately 10% of the acquiring commission) and the acquiring bank (approximately 10-15% of the acquiring commission). In addition, the acquirer can set a commission for the business for crediting funds to the current account.

Before connecting acquiring, an entrepreneur must carefully read the terms of the agreement.