Arrange acquiring for an individual. The operating principle of mobile terminals for paying with bank cards. What is mobile acquiring and how does it work?
In this article we will look at what mobile acquiring is and how it works. Let's compare tariffs in different banks and services, and also analyze the cost and types of terminals. We will tell you how to connect mobile acquiring and focus on customer reviews.
What is mobile acquiring and how does it work?
Mobile acquiring in simple words is a method of accepting payments using a card and a smartphone with Internet access. That is, the buyer inserts his card into a special card reader attached to a mobile phone and enters a PIN code. A code is sent to the buyer’s phone number, which constitutes agreement with the purchase.
The MPOS terminal integrates with the gadget via:
- audio jack.
- Bluetooth.
- USB input.
A special application must be installed on the mobile device, which ensures the execution of operations and the transfer of data to the online cash register. Cash register will generate acquiring reports and save sales statistics.
In many banks you can connect acquiring without. Acquirers (banks that provide acquiring) independently transfer money to a bank account in another bank.
Who is it suitable for?
The payment option using a smartphone is optimal for micro-companies and small organizations operating in the service sector. For example, for:
- Cafes and mini-restaurants.
- Courier delivery.
- Insurance company agents and brokers working remotely.
- Beauty salons and private hairdressers.
- Tutors and masters.
- New online stores or retail outlets with a small assortment.
Mobile acquiring fees
We have collected for you the best offers from banks on mobile acquiring. We offer to compare commissions and prices for terminals.
Who else provides mobile acquiring?
In addition to banks, mobile acquiring is provided by special services. They service payment Visa cards and MasterCard, cooperate with various banks and offer certified devices for making non-cash transactions. Below we will look at the two most popular services for mobile acquiring.
Life Pay
The company helps entrepreneurs simplify the procedure for accepting payments from customers, automate the cash register, track incoming profits online, maintain statistics and monitor sales dynamics.
The cost of the terminal is 7,990 rubles. Acquiring is connected free of charge, and the commission depends on the turnover per month:
2can
The service was developed by Smartfin. Basic clearing bank— Promsvyazbank. Service available to individual entrepreneurs and legal entities. persons. 2can guarantees fast connection to acquiring, transparent working conditions and 24/7 service support.
Features and benefits of the service:
- Receive funds without paying additional commissions based on flexible tariffs.
- Transfer money to a bank account in any bank.
- All transactions are securely protected.
- A clear reporting system.
- You can view sales analytics.
Tariffs depend on the amount of transactions during the month:
| Amount of transactions | Commission |
| up to 50 thousand rubles | 2,5% |
| up to 100 thousand rubles | 2,3% |
| up to 300 thousand rubles | 2,1% |
| up to 500 thousand rubles | 1,9% |
| from 500 thousand rubles | 1,8% |
Recalculation of the commission amount is carried out automatically at the beginning of each month. That is, if business turnover has increased, then the commission will decrease every month.
Types of terminals
There are several types of mPOS terminals:
- Connected via special interfaces: USB, Bluetooth, mini-jack.
- Reading data by magnetic stripe or chip.
- Combined models.
- Analog - capable of transmitting information in an encrypted way.
The main advantage of such devices is their compactness and the ability to accept payments anywhere. They cost an order of magnitude cheaper than stationary terminals and are easy to set up for transactions.
Which mobile acquiring to choose
Before connecting mobile acquiring, you need to select a bank for further cooperation. During the selection process, consider the following criteria:
- Status and reliability of finance. institution or payment service.
- Acquiring conditions - commission size, terminal cost, etc.
- Plastic bag necessary documents to conclude an agreement.
- Enrollment deadlines Money on the account
How to connect acquiring
Activation of the service is carried out in several steps:
- Choose a bank or payment service with the most acceptable conditions.
- Go to his website and fill out an online application.
- Wait for feedback from the representative to clarify details, select a terminal, tariff, etc.
- Provide a package of required documents.
- Sign the agreement and pay the cost of the terminal.
Now all you have to do is set up the equipment (download, install a special application) and make a test payment.
Advantages of mobile acquiring for individual entrepreneurs and legal entities
Connecting acquiring provides the following benefits for business:
- Accept payments from individuals anywhere.
- Increase in the number of clients.
- Profit growth.
- Low cost of equipment.
- Fast transfer of funds to your account.
- Reporting and detailed analytics on all transactions.
Have you encountered a situation where there was no change in a store or in a taxi? large banknote? Or when you only have a bank card with you, but in a restaurant, as luck would have it, they only accept cash? Plastic cards are slowly taking over the place in the wallet from banknotes. Leading world economists are in favor of abolishing cash. Russia is not lagging behind - even the chairman of the board of Sberbank, German Gref, proposes to abolish cash payments.
The sooner we learn to work with cashless transactions, the easier it will be to live when the crunching of banknotes and the clinking of coins subside. Moreover, nowadays, to accept cards, all you need is a phone and a small device that can read bank plastic.
Back to the future of mobile payments
Mobile acquiring technology originated in the USA at the end of the 2000s. The first and most popular provider was and remains the Square project. The most famous Russian suppliers: 2can, LifePay, Yandex.Kassa and Pay-me. In addition, many banks offer their own mobile solutions without intermediaries. Let's figure out how it works and what is required of you and me to enter the magical world of mPOS terminals.
Having set the goal of accepting bank transfers using a mobile phone, the first thing you need to do is purchase a mobile terminal (aka mPOS or card reader). This little piece of plastic plugs into the headphone jack and is trained to read cards. Most often, such devices read information from magnetic tape. To do this, just swipe the card through a special gap on the device’s body, enter payment information, the buyer’s phone number (to send an electronic receipt via SMS) and ask the client to sign on the smartphone screen.
Our state behaves carefully, so even when paying through a mobile terminal, it also requires paper checks to be issued. This means you need to buy and register a cash register as well. Such a thing costs 20–30 thousand rubles and consumes another 500–2000 per month for maintenance. A cash receipt is not required only for those companies that provide services to the public and issue receipts on strict reporting forms.
At first glance, mobile acquiring does not make life easier - you still need an expensive cash register. But if your goal is to earn more and not spend less, learn to collect money in any way convenient for the client. To accept bank cards, you will still need a landline or mobile terminal. The advantages of the latter are obvious: ease of use and tracking of transactions, compactness and no need to register mPOS with the tax office.
Lots of areas of application:
- online stores (when paying to the courier)
- transport services, taxi
- on-call entrepreneurs (household, medical and other services)
- trays, stalls, kiosks
- cafes, hairdressers, small shops
Connecting mobile acquiring
The connection process varies from provider to provider, but in general the following is required:
- enter into an agreement with the provider (the set of required documents is minimal, often a scan of your passport and TIN is enough)
- ask the provider to set up technical integration
- get a mobile terminal and download a special mobile application
- connect the reader, log in personal account, fill in the details and start accepting payments
This process can be completed in a few days. We did it in 3. If you need a cash register, you can purchase it together with a mobile terminal from a mobile acquiring service provider or from recommended partners.
We take mobile payments into account in taxes
Let us remind you once again that the card reader is registered with tax office no need to put it. Money received through a mobile terminal is taken into account in taxes simply: we bounce cash and electronic checks, wait for it to arrive in the current account and reflect the income for the entire amount paid by the client, taking into account commissions.
If you pay taxes on the difference between income and expenses, do not forget to take into account the payment system commission in expenses. It is withheld immediately when the money is transferred to your current account (that is, you will receive less money than the buyer paid). But the commission can only be taken into account at the end of the month, when payment system will send the act. If the tax office has questions, this act can be downloaded and shown to the inspector. If the bank takes a commission, no act is required and expenses can be taken into account immediately.
Many entrepreneurs, for their own convenience, knock off cash receipts in a stack at the end of the day. Formally, this is a violation of the law on cash discipline and it is severely prosecuted (up to a 50,000 ruble fine for legal entities and up to 5,000 for individual entrepreneurs). In practice, small companies rarely fall for this and prefer to take risks so as not to carry around a bulky receipt printing machine.
Restrictions
The limit on the amount of payments is set individually. For example, Yandex.Checkout by default allows you to accept no more than 15,000 rubles in one payment, 100,000 per day, and 500,000 per month. But the limits can be expanded by contacting the service’s technical support.
If you want to accept foreign cards (especially AmEx or UnionPay), you should check whether your mobile acquiring provider supports this feature.
First of all, you need to find out from the provider whether the reader is compatible with your smartphone or tablet. Mobile acquiring providers support most iOS and Android devices, but owners of phones running Windows Phone and more exotic OS will have a more difficult time.
Breakdowns
Mobile terminals are simple in design, so they work stably and for a long time. All readers have a warranty period of 1 year. In case of breakdown, the device can be returned or exchanged.
Most mobile acquiring providers transfer money to your bank account the very next day after making a payment, and problems rarely arise. But if the money is stuck, there is no need to worry. Call your provider's support team and they will sort it out.
Safety
Most often, security worries the buyer himself, who is not used to trusting his card to a funny little square glued to his smartphone. But there is no reason to worry. The mobile terminal is as safe as the machine through which we swipe the card at the checkout.
Mobile solutions use the same Internet (only instead of slow GPRS it can be faster 3G or even LTE) and the same principles of data protection. The information is encrypted by the card reader and processed on the provider’s server, where it is received via a secure channel. The supplier's servers must be certified according to industry security standards payment cards PCI-DSS.
Prices
The service that provides mobile acquiring services charges a commission for each transaction. The conditions for everyone are approximately the same - for each payment you will be charged from 2.7% to 3%. The terminal itself is usually given out free of charge; they also do not charge additional money for service and support.
Time to try!
We want cashless everywhere. This makes life easier and keeps your pockets free from crumpled papers. If you're still running around with a huge POS terminal or avoiding using cash altogether, it's time to try something better.
And to make it easier to try, we made friends with the Yandex.Checkout service and agreed on special conditions only for our own. Leave a request by special link, and the guys from Yandex.Checkout will give you 3 months of service at the Premium rate for all online payment methods and for any turnover of your company. During this time, you can learn the delights of mobile acquiring and make the lives of your clients a little easier.
Interesting posts from the past:
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With the advent of bank cards, their functionality has constantly expanded. Over time, paying with plastic has become commonplace, first in large supermarkets, and then in all places where goods are sold or services are provided. It became possible to provide such a procedure with the introduction of acquiring. Many people are interested in the question: how to connect Sberbank acquiring and tariffs for individual entrepreneurs.
Payment bank cards- it’s not simple and convenient, it’s profitable and modern In terms of importance in the life of a modern person, service non-cash payment in retail outlets can be compared with a mobile phone, no less familiar to everyone, without which no one can imagine their existence.
What is acquiring
In a broader sense, this concept implies banking service, the essence of which is to provide organizations with the opportunity for their clients to make payments using payment cards. The list of services includes informative, settlement services and the provision of equipment that allows non-cash payments. Thanks to this service, individuals have the opportunity to pay with cards for any purchase in any store and on the Internet, without resorting to using cash.
Acquiring is a whole package of benefits for each client Sberbank, as the largest acquiring bank in Russia, offers the following types of acquiring:
- trade,
- Internet,
- mobile.
The most popular trading one: it allows you to make payments in almost all stores selling various goods, as well as in organizations providing services (hotels, restaurants, cafes, etc.). Payment is made using a card and POS terminals installed at the checkout. When paying for a purchase, the terminal reads the details from the card and debits the purchase amount from it, which is transferred to the account of the trading organization. POS terminals are the property of the bank and are provided to legal entities after concluding an agreement for the provision of services. The legal entity pays for the rental of equipment banking institution commission, the size of which depends on the volume of cash turnover.
Internet acquiring today is becoming more and more popular due to the fact that Russians are increasingly making purchases in online stores and websites.
The convenience is that there is no need to install special equipment: the acquirer connects the client to a special program. The software becomes available after a legal entity submits an application and concludes an agreement. In this way, buyers pay not only for goods, but also for various services - utility bills, fines, etc. However, they do not pay a commission. 
Today, payments using payment cards are designed not only for large retail chains, but also focused on medium and small businesses
Mobile is just starting to gain popularity. This option uses mobile mini-terminals that are not tied to a specific location, as is the case at the checkout counter in a store. For example, it is used when a courier delivers goods to a home, when the buyer pays for the goods with a card. This service is suitable for those companies that are allowed to accept payments without a cash register or for those who work on UTII.
Commission and tariffs
The size of the commission primarily depends on the type of service. Sberbank merchant acquiring has the lowest tariffs. It includes the rental cost for the provided equipment and a commission for non-cash payments. The acquiring bank withdraws interest only from the legal entity; this service is free for the card holder. Thus, the bank motivates customers not to withdraw cash from an ATM, but to make purchases using plastic.
The most expensive option today is the mobile option. For using mini-terminals you must pay 2.5-3% of the payment. But such high interest rates pay off with payment security and ease of payment for customers, which allows companies to expand their customer base.
At Sberbank, Internet acquiring provides tariffs for individual entrepreneurs in the amount of 2-2.5%. The commission is taken not only for remote payments, but also for ensuring the security of users.
For several years now, the ability to pay by card at a point of sale has been the responsibility of every business owner Trade acquiring Sberbank: tariffs and conditions
For this service banking organization established the following tariffs – 0.5-3%. The price includes payment for rented terminals and a percentage for the volume of plastic payments made. The amount depends on the tariff plan chosen by the legal entity and the monthly turnover of the outlet. To connect, you will need to fulfill a number of conditions:
- availability of a current account with the acquiring bank;
- installation of POS terminals.
For owners of trading organizations, it is important to decide on the choice of payment instruments, because the rental amount for the equipment depends on this. The commission per transaction is on average 1.7-3%. For high-volume network trading, it can drop to 0.5%. The rule here is: the more payments, the lower the commission. The tariff for terminals also depends on the number of devices, in some cases it is completely absent.
There are two types of services: trade and Internet acquiring Tariffs for individual entrepreneurs
At the bank, the prices for the service for individual entrepreneurs differ in cost. They are influenced by the following factors:
- retail outlet turnover - the higher it is, the lower the commission;
- type of cards accepted for payment - for Maestro VisaElectron the commission fee is lower than for servicing other payment cards.
Security and convenience of payments
Cashless payments are the future. Buyers have long appreciated all the advantages of purchases of this kind. It's safe and convenient: there's no need to carry cash with you and risk being robbed. In addition, errors occur less frequently when making payments at the checkout; the service itself occurs instantly, which significantly saves the buyer’s time. There is no risk of getting it when surrendering counterfeit bills. The buyer does not need to look for the nearest ATM to withdraw money for purchases.
Acquiring using a regular POS terminal includes the following operations. A card is inserted into a card reader with a reader, the information of which is located on a magnetic stripe or chip. After entering the card into the card reader, the money transfer system is activated, to confirm which the required amount is entered. After the funds are transferred, a check is printed in two copies - the operation is completed.
There is no doubt about the convenience of this type of payment, but the possibility of cashless payment is not always available. Even despite the large number plastic cards in circulation among the population, the number of terminals is quite small. Therefore, it is necessary to find an alternative to the usual POS terminal.
Advantages of mobile acquiring
A completely new type of non-cash payment in Russia is mobile acquiring. It is carried out using simple equipment - a smartphone and a connected card reader.
Mobile POS terminals work with cards of the largest international systems Visa Int., MasterCard Worldwide, etc.
Mobile acquiring from 2can
Advantages:
- Simple registration and conclusion of an acquiring agreement, minimal commission
- Flexible system of tariffs and reimbursement periods
- Receive money without additional and hidden fees to a current account in any bank
- Guaranteed increase in the number of clients - owners of plastic cards and, as a result, successful business
- Average check increase level – 20%
- Absolute security of the calculations made
- Clear reporting system
- Providing customer support at any time of the day and any day of the week throughout the year
- Easy to manage payments
Cooperation with 2can guarantees rapid progressive growth for your business. After all, simplifying the payment system will allow you to serve more clients in a minimum amount of time. Consumers of goods and services themselves will also like this, because they will be able to save time by freeing themselves from endless queues. From cooperation with 2can you will get the most useful things, namely:
- Ease of connecting the necessary systems
- Safe service and reliability in payments
- The ability to carry out transactions using cards from global payment systems
- Free and timely provision of card readers
- Compact and convenient reporting system
- Possibility of generating analytical reports on sales
Cheap mobile acquiring is the future. Online stores are becoming increasingly popular every day, which means that you will need a reliable and convenient system for transferring funds.
The company 2can is ready to provide it - a company that creates confidence in the future.
What is mobile acquiring? What are its advantages for individual entrepreneurs? How to connect mobile acquiring to individuals and legal entities?
Hello, dear friends! Pavel Shevelev, one of the authors of the HeatherBober.ru magazine, is in touch.
As the owner of a small store selling gasoline and power tools, about six months ago I connected myself to such a service, so I know firsthand about all the intricacies of mobile acquiring.
The ability to make payments by bank card allowed me to increase the number of customers and simplified the work with cash, so I thought that information about connecting such a service might be of interest to entrepreneurs who want to accept payments from clients using cards and mobile devices.
1. Mobile acquiring - what is it and how does it work
Mobile acquiring is the ability to pay for goods or services with a bank card when using a smartphone, tablet or other gadget. This option frees buyers from the need to cash out, and makes it easier for sellers to work with cash.
This is a cashless payment system in which money for goods or services is transferred using a bank card and any gadget.
Having understood what mobile acquiring is, we can take a closer look at the mechanism for carrying out this transaction. The operating principle of mobile acquiring involves the use of a so-called MPOS terminal, which is installed on a gadget and reads information from the card when making a payment.
An MPOS terminal or card reader can connect to a smartphone or tablet in various ways:
- via audio jack;
- when using Blue-tooth technology;
- via USB input.
The digital version of card readers is resistant to possible interference and errors when reading information during a payment.
MPOS terminal is a compact device that connects to a smartphone and functions as a trading terminal.
The option of making cashless payments becomes possible only if you first install the service application on your smartphone. To make a payment in this way, the buyer inserts the card into the MPOS terminal and enters brief payment information on the gadget screen.
To confirm the operation on mobile phone The buyer receives a unique code via SMS message. Its use will allow you to determine the possibility of making a payment and excludes payment in favor of third parties.
If the card contains the necessary sum of money the transaction is nearing completion and the buyer receives a receipt for payment. It can come to the card holder’s cell phone or email.
The mechanism for carrying out such an operation is presented below:
- The buyer enters payment information.
- The processing center processes the request information for compliance and correctness.
- After receiving the request and authorization, the acquiring bank redirects the user to the payment system.
- The payment system determines the bank that issued the card and generates an additional request for authorization at the processing center financial institution.
- The processing center transmits information to the seller about positive authorization results and notifies the buyer about successful payment for the order.
The future of mobile acquiring in Russia
The mobile acquiring market in Russia has good prospects, but the general trend in the development of such services is largely determined by the peculiarities of technology development in our country. At the moment, such solutions are the most interesting for all participants in transactions: buyers, sellers, banks.
However, we should soon expect the disappearance of the analogue variation of mobile terminals, the use of which carries certain risks for cardholders. The use of digital equipment is safer.
It may take a certain period of time to completely replace card reader terminals. And much here will depend on the acquiring bank’s interest in providing services - how profitable it will be for it.
2. Who provides mobile acquiring services and who needs it
Mobile acquiring services are provided by institutions financial type and processing companies. In the latter case, we can talk about a higher pricing policy, since specialized firms act as intermediaries. The presence of an additional link in the chain entails an increase in the total cost of the service.
Regardless of who the service provider is, such a company must resolve a wide range of tasks.
Here are some of them:
- processing incoming requests;
- card authorization;
- transfer of funds to the account of the seller organization;
- accounting of paper and electronic document flow;
- notification of buyers about transactions.
Consumers of such services may include both individuals and legal entities. The use of mobile terminals facilitates the work of insurance agents, courier delivery services, flower shops and regular retail outlets. Even in cafes and restaurants, this option significantly simplifies the relationship between sellers and consumers of services.
The service is also popular nowadays, but we have already written about it in more detail in one of our articles.
For example
Entrepreneur Petya organized a taxi service. However, given the fact that there were a huge number of similar companies in the city, the company did not bring much profit. Then Petya decided to install mobile POS terminals in cars for card payments.
This solution was appreciated by all clients, because other companies could not provide the option of non-cash payment. In a short period of time, Petit’s company significantly increased its income and managed to acquire new clients.
3. Mobile acquiring for individual entrepreneurs - the advantages of mobile acquiring for small businesses and ordinary buyers
Mobile acquiring for individuals and legal entities has many advantages. Compared to a traditional POS terminal, the mobile version of the device is more compact in size, so there are no special difficulties when transporting it.
Mobile acquiring is not tied to a specific address, so the payment can be made anywhere there is Internet access.
Other advantages of such a service for sellers of goods and services include:
- increase in trade turnover;
- increasing the company's competitiveness;
- reducing the risks associated with cash circulation (thefts, robberies, counterfeit money);
- reduction of collection costs;
- improving the quality of service;
- increase in purchasing power.
Other consumers of services (buyers) can also count on many benefits when using this payment method.
When making a payment, a customer of a retail outlet does not have to waste time searching for the nearest ATM. Mobile acquiring eliminates the need to carry large sums of money with you.
For example
Over the weekend, Andrei and his wife visited the shopping center and saw that there was a big sale in the upholstered furniture department today. Andrey did not have cash, but he took with him a bank card to which his salary was received.
After a small family meeting, the family decided to purchase a sofa at a 40% discount. Thanks to the fact that the mobile acquiring service was activated in the store, Andrey did not have to look for the nearest ATM to withdraw money.
4. How to connect mobile acquiring for individuals and legal entities - 5 simple steps
The process of connecting mobile acquiring for individuals and legal entities is practically no different. The only difference is that individuals must provide an expanded package of documents.
Step 1. Select a processing company or bank for mobile acquiring
Acquiring service providers can be banks or processing companies. If you cooperate with banks, mobile acquiring will cost slightly less. This is due to the absence of intermediaries between the parties.
Some acquiring banks require opening a current account, and some do not. We have previously discussed in detail which banks provide the best tariff rates in our article.
Provided that acquiring services are provided by a processing company, you should pay attention to ensuring that it operates legally on the territory of the Russian Federation.
It is best if such companies work with various banks and service any cards. The equipment used must be certified.
Step 2. Fill out the form
It will take a minimum amount of time to fill out the questionnaire. Most likely, it will have to indicate information about the activities of your company - name, year of foundation, main direction of trade or services. Also in the form you should note information about the owner of the company and leave your contact information.
Step 3. Sign the agreement
The bank cannot provide mobile acquiring services without a previously concluded agreement. This document regulates the relationship between the parties to the transaction.
The existence of an agreement is the basis for registering a retail outlet in various international payment systems. The amount of the bank's commission for each payment is determined by the individual conditions of the program within which cooperation is carried out.
Step 4. Select a mobile acquiring terminal
Equipment for conducting payment transactions must be provided by the acquiring bank. Mobile acquiring terminals are capable of reading information from a magnetic stripe or from special chips. There is also a combined version of the equipment.
You can connect the equipment to the gadget via USB, audio jack or Blue-tooth. It should also be noted here that digital card readers are more resistant to various interferences in comparison with the analog version of the device.
They are distinguished by the ability to encrypt the read data before directly sending it to the smartphone. This allows you to significantly secure the payment procedure.
Banks provide owners of retail outlets with the opportunity to purchase used equipment, but if necessary, sellers can independently purchase mobile POS terminals. A wide selection of such equipment is presented in various online stores - eBay, Amazon, Taobao.
Step 5. Install and activate the mobile application
Installation and activation mobile application to a smartphone or tablet is a necessary step for successful payment. If necessary, the user can receive consulting services from bank managers.
After this, the terminal is configured and visitors to your store will be able to pay for purchased goods using a bank card. Full setup of the entire system can take from one to three days.
5. How much does it cost to activate a mobile acquiring service - TOP 5 banks with the best tariffs
The final cost of the service is determined taking into account the features of a specific bank program and the pricing policy of the financial institution as a whole.
It should be noted that the tariffs of different banks, if they differ, will not be too much. This condition is one of the main requirements of payment systems.
There are no rental fees for using mobile POS terminals. Banks make money from commissions that are deducted from the seller. When making a payment, the system debits the necessary amount from the buyer and transfers it to the seller’s account minus the commission.
The size of the commission is inversely proportional to the turnover on such a terminal - the larger it is, the smaller the commission will be.
In the table below I have conveniently presented a comparison of the cost of connecting to a mobile Internet acquiring service:
№ Bank Cost of mobile equipment Commission when making a payment, % Terminal type 1 Promsvyazbank For free 2,75 Digital 2 Alfa Bank 1850 rubles 2,75 Digital 3 Bank of Moscow 1200 rubles 0,3-3 Digital 4 Sberbank 1500-2500 rubles 0,5-2,2 Digital 5 Raiffeisenbank 880-4400 rubles 1,7-2,1 Digital 6. Mobile Internet acquiring - who is at risk and how to avoid it
The use of mobile Internet acquiring is associated with a certain risk, which is evenly distributed among the various participants in the transaction.
This risk manifests itself in possible system failures, as a result of which making a payment will be fraught with certain difficulties.
Buyers when paying for goods with a bank card should be wary of a massive leak of payment data, which could lead to subsequent theft of funds. This situation is due to the fact that many modern smartphones today are vulnerable to virus attacks.
Analog POS terminals do not encrypt data when transmitting information, so attackers can easily take advantage of this.
In order to prevent this scenario, owners of retail outlets should use the digital version of mobile terminals. Such equipment is distinguished by the ability to encrypt data during transmission, so the transaction will be carried out as securely as possible.
Buyers, for their part, can also minimize the likelihood of becoming victims of fraud. To do this, they do not have to keep funds on the card all the time. It is best if the money is transferred to the card account immediately before making a purchase.
It should also be noted that all sellers’ fears associated with breakdowns and complete failure of mobile POS terminals have no basis. Replacement, repair work and standard maintenance are carried out by employees of the bank’s technical department free of charge.
