More than a terminal
Processing terms and the contract matter alongside equipment costs. Visa recommends comparing fees and identifying the acquirer in the agreement.
FinFly Explains / Economy
Acquiring: accepting card payments
An acquirer serves the merchant’s acceptance of card payments. The bank issuing the customer’s card has a different role.
FinFly illustration
A 1.5% fee on AZN 10,000 is AZN 150. A separate AZN 20 service fee brings the total to 170. This is not a bank quote.
Before signing
FinFly recommends asking about payout timing, refunds, disputes and termination. Check whether online and in-store transactions have different rates.
Method
Primary sources
The explainer is checked against these institutional and industry sources. Links open the original material.