Experts fear the growth of prices after the revision of tariffs for acquiring

© Fotolia / leungchopanОплата credit card. Archival photoExperts fear the growth of prices after the revision of tariffs for acquiring© Fotolia / leungchopan

Russian banks earn almost nothing on the service card payments in shops acquiring, believe polled by RIA Novosti experts. The last few years, the cost of this business is constantly growing, so next year some banks will raise tariffs on acquiring services that will lead to higher prices for some goods and services that they assume.

«Some banks have already started the revision of tariffs for acquiring in the direction of increase, next year it will continue. Affected by exchange rates. In lower margin segments that may indirectly raise the price. That’s why some companies are now trying to take the cards and go to cash. Particularly sensitive «low-margin» areas: tire service, minor service stations, beauty salons,» said development Director of payment solutions of the company «Motor» Zaur Besolov.

Able to acquire in Russia, according to the latest data of the Central Bank, the Bank is engaged in 332, but the lion’s share of this business accounted for Sberbank. Across the country installed more than 1.5 million of its POS terminals and the Bank serves more than 1 billion card payments every month, told RIA Novosti in the Bank. Good position on the market also have a VTB, Gazprombank, Bank «Russian standard», Promsvyazbank and Alfa Bank. About this in his report, said research company, The Nilson Report.

Expensive and unprofitable

Bank rate in this area includes several components. The first and biggest is the Commission that the Bank that handles the card payments, pays to the Bank that issued the card: the so-called interchange rate fee (IRF). Its value depends on the class of the card. The low fee the acquiring Bank pays the Maestro, ranging from 1.5% to 1.75% for platinum cards to 1.9-2.1% as gold and black, explained in the «Motore».

Then there are the fees of the payment systems of the participating banks and the margins of banks, the amount of which can also fluctuate. The total Commission depends on many factors and in practice is always calculated individually for each client. In Russia on average for retail shops it is 2,2%-2,4% of the turnover of an outlet for the online stores from 3% to 4%, and the tariff for mobile acquiring ranges from 2.5% to 3%, said the Deputy Director of Bank «the East» Anna Ermolaeva.

Often preferential rates depending on type of business: airlines, payment of utility bills, for travel agencies, for insurance companies. The size of the fee often is determined by the volume of transactions: the higher the volume, the lower the rate – this works like «discount wholesale», explained the managing Director of the system for accepting payments Platron Elena Orlova.

The rates of acquiring in Russia is much higher than abroad, where the size of the commissions is regulated by the state. Three years ago, Europe has set a cap on interchange fees at 0.2% for debit and 0.3% for credit cards, said the Director of the Higher school fintehnology Financial University Dmitry Trofimov. Prior to this, their size reached 1.8%, and their share in the total commissions for acquiring averaged 70%.

But although Russian rates seem great, this almost brings banks income, and for some, even loss making, said managing Director Andrey Modelbank Vanichev. However, acquiring acts as a magnet for business: it helps to involve the client on settlement and cash services and lending, which is the «marginal» product in the Bank.

The reasons for the growth

To raise tariffs for acquiring some Russian banks have already begun this year, and next year the process can continue. The main reason is the strong growth of the dollar, according to the Manager of the company «ATOL» Alexander Sokolov.

Payment transactions by cards issued by domestic banks, the international payment systems, primarily Visa and Mastercard. The depreciation of the ruble has a negative impact on their income from the interbank card transactions. To compensate for falling revenues, they increase the fee per transaction, and Russian banks in response are forced to increase their tariffs, to somehow align their performance, said the expert.

Another reason why rates may rise, quite unexpected: in Russia, a growing number of premium payment cards. Interchange fees on these cards is always higher than usual.

In addition, the business requires constant technological support, said the Chairman of the «West Bank» Alexey Fedorov. Terminals that are provided to the customers, outdated and must be replaced. Rental rate the terminal can be 1-1,5 thousand rubles, the purchase price is 15-25 thousand. The banks often purchase commercial equipment from international suppliers, therefore, the fall of the national currency could again force them to raise fares.

The tariff increase will affect, first of all, new customers of banks, because of existing already have installed earlier equipment, noted in this regard, Vice President of Transcapitalbank Igor Antonov.

Invisible increase

In the case of growth of tariffs stores will transfer costs to buyers, first and foremost, this will affect the mass consumer goods, the sale of which brings a lot of income, says Chairman of the Board of NP «national payment Council» Alma Obaev.

At the same time, experts were quick to comfort consumers: the growth will be small — a few tenths of a percent, but some of the sellers will cope without raising prices.

Most buyers don’t prefer to see: higher tariffs on acquiring services will increase the cost of goods and services mainly in small shops, said the product Manager of the Bank «Point» Igor Manin. He explained that most banks sets the rate depending on the turnover and lowers rates for the major retail chains.

Moreover, the largest banks still have no plans to increase the fee for acquiring. VTB didn’t do it this year, but what about the following: analyzes the picture and will make a decision later based on market situation, said Vice-President and head of the Department acquiring VTB Alexey Kirichek.

Sberbank, the average rate this year decreased somewhat, and the Bank does not see preconditions for its increase in the next year, but allow a partial increase in rates due to changes to certain rules for charging commissions from international payment systems. This is routine work associated with monitoring the profitability of transactions with customers, held in 2018 and will be held in 2019, said the representative of the Bank.

PSB is going to change the approach to customer segmentation and tariff policy, however, the massive increase in tariffs is not planned, reported, in turn, the head of the Department acquiring the credit institution Nikita Clips. In addition, he suggested that with a slight increase in market rates sellers are unlikely to shift the Commission on the customers. And Igor Manin from the «Point» said the Bank provides the service at a fixed rate to change which is not planned. This year the Bank rate was also not increased.