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Acquiring system

To carry out non-cash payments using a bank card, smartphone or smart watch, you need an acquiring terminal. If payments are accepted outside the outlet, then it can be an mPOS mobile terminal. We will tell you what equipment for mobile acquiring can be like, how it works and how it differs from an online checkout.

What is mobile acquiring

What equipment is needed for mobile acquiring

  • Mobile terminals and their types

  • Mobile device with payment application

  • Do I need an online checkout if there is a mobile terminal

Is it possible to replace a mobile terminal with a portable

How is payment made via a mobile terminal?

What is mobile acquiring

Mobile acquiring is a method of accepting non-cash payments using an mPOS terminal that connects to a smartphone or tablet.

The mobile terminal allows you to accept payments from customers anywhere there is an Internet connection. To receive payments, a special application is installed on a smartphone. The acquiring bank deducts a commission from each successful transaction.

The most popular mobile acquiring devices are offered by the following companies: 2can, Pay-me, Sum Up, Life Pay.

We wrote more about what mobile acquiring is and how to connect it in a separate article.

What equipment is needed for mobile acquiring

To accept non-cash payments through mobile acquiring, you need a smartphone or tablet with an installed payment application, an mPOS terminal or a reader.

Mobile terminals and their types

MPOS is a small device that fits in your hand and runs on battery power. The reader of the reader can receive the information necessary for making a payment from bank cards, smart watches, phones with the NFC function.

Modern mPOS-terminals for accepting bank cards are focused on ease of use and accepting any payment methods, even old-style cards with magnetic tape. Let s tell you more about the types of mobile terminals.

1. The method of connecting to a smartphone or tablet.

  • A 3.5mm headphone audio jack is a versatile and inexpensive option. Suitable even for those who have an outdated Bluetooth module on their smartphones that is incompatible with the requirements of the terminal.

  • Bluetooth – such mPOS are usually more expensive and are equipped with a keyboard for the customer to enter a PIN code from a bank card.

  • USB or 30pin connector for Apple mobile devices – if this method is inconvenient, you can use adapters with audio output.

In the picture, in order: m-pos for a card with a chip, with contactless payment, for an iPhone with a 30 pin connector and for an audio output.

2. Type of serviced bank card.

Mobile banking terminals can read cards:

  • with magnetic stripe;

  • with an electronic chip;

  • contactless.

Terminals that support contactless payment can also read information from smartphones and smart watches.

Most mPOS models are universal – designed for all types of cards. For example, Yandex.Kassa has such.

3. Signal type.

There are two types of terminals – analog and digital. Analog devices are typical devices that do not always receive a signal stably. Suitable for work with a good Internet connection.

Digital is preferable as it is resistant to mobile communication failures and interference. They are also able to encrypt all data received from a bank card before transferring them to a smartphone or tablet.




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Mobile device with payment application

MPOS terminals work with all cellular standards – 2G, 3G, 4G, LTE, Edge, etc. However, manufacturers set certain requirements for the operating system of a mobile device.

All mobile terminals and payment applications are designed to work with a phone or tablet based on Android and iOS – most often from version 4.1 and 5.0, respectively. Much less common are reader models for other operating systems – BlackBerry OS, Nokia X.

It is better to check with the terminal manufacturer about mPOS compatibility with a certain version of the operating system. Often such information is on its official website, for example, like 2can:

The payment application can be downloaded from the Play Market or App Store. Official software always bears the logo of the hardware supplier.

Do I need an online checkout if there is a mobile terminal

Despite the fact that an acquiring terminal allows making payments, it cannot replace an online cashier for a number of reasons:

1. When settling with the buyer, the seller is obliged to issue a cashier s receipt – in paper or electronic form (part 2 of article 1.2 of the Federal Law of 22.05.2003, No. 54-FZ). The acquiring terminal allows you to send an electronic check in the form of an SMS message or to an email address. But this is not a cashier s check, but a slip – confirmation that the payment amount was debited from the bank card in favor of the seller.

A slip-check does not replace a cashier s check, although it duplicates the total amount in it. The cashier s receipt contains much more information, first of all, about the number of purchases, their names, the price per unit of goods, taking into account all discounts and margins. A complete list of mandatory details of a cashier s check is in Part 1 of Art. 4.7 of the Federal Law of 22.05.2003, No. 54-FZ.

2. A mobile terminal for acquiring cannot send data on completed transactions to the Federal Tax Service. This is possible only if there is an online cash register – physical or cloud, to which it is connected.

  • A physical online cash register is set up at a point of sale. This is a device with a given functionality, which is kept by the seller. He is responsible for its safety.

  • Online cloud checkout is software that sends electronic fiscal receipts to customers and sends information about transactions to the tax authority. To use the cloud online checkout, you need to buy access to it. Responsibility for the proper operation of the CCP is clearly stated in the contract with the service provider.

The law permits the use of an online cash register and not at the place of acceptance of payment in cases where there is a pick-up or distance trade (part 5.6 of article 1.2 of the Federal Law of 22.05.2003, No. 54-FZ).

If the seller s field of activity, in accordance with Russian legislation, involves the installation of an online cash register, then this is his responsibility. Connecting a mobile acquiring terminal to it is the seller s desire and his competitive advantage.

Is it possible to replace a mobile terminal with a portable

A portable payment terminal differs from mPOS in that it is not connected to a mobile phone or tablet, and for its operation you do not need to install a special application.

But it can also run on battery power and with a SIM card with mobile internet. To enter information when making a payment, he has a small screen and a pin-pad. Using a portable POS terminal, you can print a receipt. However, such a decision can be quite expensive for business. Some models of portable terminals are many times more expensive than mobile terminals.

Portable POS Terminal:

How is payment made via a mobile terminal?

To accept payments through a mobile terminal, you need to conclude an acquiring agreement with the bank. With the help of an acquiring calculator, you can choose a bank with the most favorable conditions for yourself.

Read about what an acquiring bank is and how to choose it in a separate article.

To make a payment via an mPOS terminal:

1. Make sure the equipment is charged and connected to the Internet.

2. Launch an application for receiving payments on your smartphone or tablet, for example, 2can or Life Pay. Log in to it by entering your username and password.

3. Create a new payment specifying its amount and purpose.

4. Enter the client s details to receive a slip-check – phone number or e-mail.

5. Check the correctness of all the entered data and perform the action to proceed to reading the card. It can be a button “Next”, “Continue”.

6. Read the information from the card in accordance with its type – roll it through the reader, insert or simply attach.

7. If necessary, hand the smartphone over to the buyer to confirm the payment with a signature or pin code.

This is how the acceptance of payment looks like at the place of settlement with the buyer. But there is another chain where the processing center, the acquiring bank and the issuing bank interact.

1. The buyer confirms the debiting of funds from the bank card.

2. The data is sent to the bank s processing center, where the possibility of making a payment is determined.

3. If the request for debiting is correct, the bank sends the request to the appropriate payment system.

4. The payment system interacts with the issuing bank that issued the buyer s card.

5. If the issuing bank gives a positive answer about the withdrawal of funds, the processing center notifies the buyer by sending him an SMS message.

The amount written off first goes to the issuing bank. Within the terms specified in the agreement with the credit institution, they will be credited to the seller s bank account.

Post Author: Rachel Reinbauer

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