Payment for goods, works or services using plastic cards has become a daily occurrence and is no longer considered something unusual. A large number of companies offer customers the ability to settle with a bank card, while they themselves enjoy the advantages of acquiring.
Acquiring is the process of accepting funds for various goods or services by withdrawing from a bank card through a special terminal, immediately to the organization's account.
Interaction goes along the chain: client-organization-bank.
In order to host equipment for accepting payments for acquiring, an organization must fulfill certain conditions:
- Conclude an acquiring agreement.
- Place the card acceptance device on the territory of your organization.
- Accept payment cards for payments for goods or services on the basis of an acquiring service agreement.
- Pay the bank a monthly / weekly service fee.
Despite the fact that the organization pays the bank's commission, there are still advantages of this type of settlement:
- With a terminal, the flow of clients increases. Since customers began to prefer to pay with payment cards, accordingly, the sales of the organization increase, such calculations are extended to large purchases.
- No counterfeit banknotes. When accepting for payment by cards, the organization automatically insures itself against receiving counterfeit banknotes, while the costs of collection are reduced.
- Receiving additional bonus opportunities from the bank. When installing equipment for acquiring, the bank can offer additional services on more favorable terms (for example, lending at a lower interest rate or opening a current account free of charge).
- Training. After the installation of equipment for the implementation of merchant acquiring, the bank trains employees of the organization free of charge on how to carry out settlement transactions using payment cards.
