What is acquiring and why does a business need it?
Posted: Mon Jan 06, 2025 5:09 am
Co-founder and CEO of the fintech platform Mandarin
Alexey Tolstik, co-founder and CEO of the fintech platform Mandarin, spoke about types of acquiring, choosing a bank and the cost of the service. The material will be useful for both offline businesses and online stores.
Subscribe to RB.RU in Telegram
Content:
What is acquiring and how does benin whatsapp phone number acquiring differ from a cash register?
How does acquiring work?
What is the merchant acquiring rate?
What types of acquiring are there?
Who is required to connect acquiring?
Requirements for acquiring participants
Pros and cons of acquiring
How to choose a bank for acquiring
How to connect acquiring
Acquiring security
Acquiring operations
How much does acquiring cost?
Select a current account at Alfa-Bank - opening and servicing an account for free
What is acquiring and how does acquiring differ from an online cash register
In the classical sense, acquiring is the acceptance of non-cash payments for products and services using credit and debit cards (including virtual ones), as well as using smartphones with an NFC module and other gadgets through payment terminals (POS terminals) or when paying online.
However, recently this concept has been extended to other types of payment. Thus, more and more customers pay for goods and services using QR codes both in the offline environment using POS terminals, but without using bank cards and payment systems that service them, and online, for example, in online stores with a small assortment. For remote purchases, many also use electronic wallets, to which bank cards or accounts can be linked.
Освойте профессию Аналитик данных с нуля за 6 месяцев
Освойте профессию аналитика данных с нуля за 6 месяцев. Excel, SQL, PowerBI и Python.
Ad
•
16+
eduson.academy
Free up your time and earn more with AI! Take the course and get the best solutions for solving business problems as a gift.
Acquiring plays an important role in the existing payment system. It is used not only in regular and online stores, but also in marketplaces, cafes and restaurants, pharmacies, delivery services, courier services and other businesses.
The difference between acquiring and an online or regular cash register is that the cash register is needed to transfer information to the Federal Tax Service on the amount of receipts for subsequent accounting of the company's revenue and tax calculation. And acquiring is needed to transfer funds from the payer's account to the seller's account for payment of goods and services.
Connecting acquiring does not exempt companies from working with cash registers. According to Federal Law No. 54-FZ "On the use of cash register equipment when making payments in the Russian Federation", when a seller accepts cash or non-cash payments from a client, he must issue a fiscal receipt.
Alexey Tolstik, co-founder and CEO of the fintech platform Mandarin, spoke about types of acquiring, choosing a bank and the cost of the service. The material will be useful for both offline businesses and online stores.
Subscribe to RB.RU in Telegram
Content:
What is acquiring and how does benin whatsapp phone number acquiring differ from a cash register?
How does acquiring work?
What is the merchant acquiring rate?
What types of acquiring are there?
Who is required to connect acquiring?
Requirements for acquiring participants
Pros and cons of acquiring
How to choose a bank for acquiring
How to connect acquiring
Acquiring security
Acquiring operations
How much does acquiring cost?
Select a current account at Alfa-Bank - opening and servicing an account for free
What is acquiring and how does acquiring differ from an online cash register
In the classical sense, acquiring is the acceptance of non-cash payments for products and services using credit and debit cards (including virtual ones), as well as using smartphones with an NFC module and other gadgets through payment terminals (POS terminals) or when paying online.
However, recently this concept has been extended to other types of payment. Thus, more and more customers pay for goods and services using QR codes both in the offline environment using POS terminals, but without using bank cards and payment systems that service them, and online, for example, in online stores with a small assortment. For remote purchases, many also use electronic wallets, to which bank cards or accounts can be linked.
Освойте профессию Аналитик данных с нуля за 6 месяцев
Освойте профессию аналитика данных с нуля за 6 месяцев. Excel, SQL, PowerBI и Python.
Ad
•
16+
eduson.academy
Free up your time and earn more with AI! Take the course and get the best solutions for solving business problems as a gift.
Acquiring plays an important role in the existing payment system. It is used not only in regular and online stores, but also in marketplaces, cafes and restaurants, pharmacies, delivery services, courier services and other businesses.
The difference between acquiring and an online or regular cash register is that the cash register is needed to transfer information to the Federal Tax Service on the amount of receipts for subsequent accounting of the company's revenue and tax calculation. And acquiring is needed to transfer funds from the payer's account to the seller's account for payment of goods and services.
Connecting acquiring does not exempt companies from working with cash registers. According to Federal Law No. 54-FZ "On the use of cash register equipment when making payments in the Russian Federation", when a seller accepts cash or non-cash payments from a client, he must issue a fiscal receipt.