Acquiring is the success of your business!

Acquiring means receiving a non-cash payment for a product or a service rendered through an acquiring bank using special equipment. Often, acquiring is mixed up with devices for its implementation (PIN-Pad or POS terminal). But, in reality, it is a banking service that allows businesses to accept customer funds in a non-cash form. Today, trade acquiring has become an integral part of financial relations. This service is especially actively used by businesses of any scale, from individual entrepreneurs to network hypermarkets, as well as for delivery services with portable POS terminals. Bank/Plastic cards are increasingly being used as an instrument of payment for purchased goods and services received. The number of users who actively pay with cards is increasing, which indicates an increase in the number of customers receiving the acquiring service. Acquiring services by Credit Europe Bank (Russia) comply with the PCI DSS payment card industry data security standard, which is confirmed by the relevant certificate.

The customer inserts the card into the POS terminal or applies the card or smartphone/smartwatch to the POS terminal. If necessary, the client enters his PIN code. The payment request is sent to the acquiring bank's processing center. The application is then sent to the issuing bank (the bank that issued the card). If there are enough funds for the payment, the operation is successful, and the client will be charged the required amount. If the funds are insufficient, the issuer refuses the payment. Upon successful payment, the buyer receives a payment receipt (slip) and a cash receipt. The operation is completed. The Bank transfers funds to the company's current account, minus the acquiring fee, within the time frame set by the acquiring agreement (usually on the next business day).

Paying for purchases and services provided with just one tap of the card is as convenient as possible, allowing consumers to save time and avoid creating queues thanks to the high speed of transactions. By enabling acquiring, you can accept cards from various payment systems from customers from any country in any currency. Nowadays, less and less people use the services of exchange offices or go to ATMs. Companies are increasingly using trade acquiring in their activities, thus gaining the following advantages: Increased sales Increase in the average purchase amount Increasing competitiveness thanks to providing a high-quality modern level of service Reducing the cost of collection and eliminating the risk of accepting counterfeit banknotes Increasing customer loyalty

The connection procedure itself is quite simple and fast. It is necessary to contact a Bank employee in any convenient way in order to receive comprehensive advice and find out the acquiring rate. You can call +7 (495) 543 99 77, write acquiring@crediteurope.ru or fill out an online application and the employee will contact you and give you detailed advice. To get started, you should first sign an agreement with the Bank. The courier will pick up all copies of the documents and the contract already filled out by the employee and transfer them to the Bank. The necessary equipment (POS terminal) is provided and installed by the engineer free of charge. If courier visits are relevant for the company, the Bank can provide portable terminals. Training will be provided for employees, and immediately after that you will be able to accept card payments. A separate telephone line has been set up for technical support. 8 (800) 700 87 50, 8 (495) 723 72 20, working daily from 8 a.m. to 10 p.m. The acquiring rate is set individually depending on the company’s line of business.

This is one of acquiring types that allows you to pay for purchases in an online store using bank card details. When using a special secure payment form (in fact, it is a POS terminal, but virtual), the customer pays for the purchase by entering his card details. Acquiring services by Credit Europe Bank (Russia) comply with the PCI DSS payment card industry data security standard, which is confirmed by the relevant certificate.

Acquiring gives the company using it many advantages, it is financially beneficial, and also stimulates intensive business development. Let's highlight the main advantages of this payment method.: The customer base is expanding. Non-cash payment is being used more and more actively and is becoming more popular, so you should not ignore such trends, otherwise you may lag behind competitors. Expenses are reduced for several items. The company does not have to spend money on cash collection received from customers for goods and services if the order is placed on the website and the money is received by the courier upon delivery. The risks are reduced. There will be no counterfeit money in the cash register, as non-cash payment excludes them from circulation, there will be no errors in calculating the amount to be paid and to be given as change, as well as many other risks of losing funds. A large average check amount and making impulsive purchases. Numerous studies have proven that it is much easier for consumers to part with electronic money, and if the technical moment of payment is convenient and fast, then the purchase will be made without much thought. It provides convenience for both the customer and the seller (service provider). This advantage of acquiring is listed last on the list, but it leads in importance. If it is possible to accept online payments, a business can exist without being bound to a store or office. As recent experience has shown, this is vital for business preservation.

Thanks modern technologies, this type of acquiring is simple and intuitive for consumers. A customer enters an online store using any device with Internet access and selects the desired product. He/she goes to the basket of goods and starts paying using a bank card. He/she goes to the authorization page, where he/she enters the full details of the card. The card details with the purchase amount are sent to the payment provider, which contacts the acquiring bank. The acquiring bank sends a request via the payment system to the issuing bank. The issuing bank checks the status of the card and the availability of funds in the account. If the answer is yes, the reverse process of information transfer occurs: the issuing bank, the payment system, the acquiring bank, the payment provider. The store receives confirmation of the successful payment and in turn informs the customer about it. The commission for Internet acquiring consists not only of the participation of the acquiring bank, but also of the services provided by the system participants listed above.

There are two ways of connection: full integration of online payment when ordering through the online store's shopping cart or connecting without integration with the website. In this case, you can advertise your goods or services in any convenient way (social networks, mailing lists) and issue invoices from your personal account as a link and send them to customers using e-mail or messengers. It is convenient and fast to conclude a contract: a Bank employee will tell you all the steps. The courier will pick up all the necessary copies of your documents on their own. The technical service staff will provide comprehensive advice. You can call +7 (495) 543 99 77, write to acquiring@crediteurope.ru or fill out an online application and the employee will contact you and give you detailed advice. The acquiring rate is set individually depending on the company’s line of business.