The Central Bank commented on the limitation of acquiring commissions

The limitation of acquiring commissions imposed on the background of the coronavirus, is temporary and is directed including on support of the enterprises of small and medium business, told RIA Novosti in the press service of the Bank of Russia.

In pandemic, the Russian authorities have introduced a number of measures to support trade. In particular, securities from April 15 to September 30, restricted acquiring a Commission for online purchases of food, medicines and consumer goods by 1%, and from 1 June to 30 September to a Bank fee if paying with medical services. In some cases, banks had been lifted for customers acquiring a Commission or a fee for the service terminal.

The Association of Russian banks (ADB) in a letter to the Prime Minister of the Russian Federation Mikhail Mishustin has opposed further restrictions on acquiring commissions. According to the Association, this will lead to the need to subsidize their acquiring business and will divert funds from other priority sectors.

In addition, the Association fear that banks on the background of the limitations of acquiring commissions can begin to charge fees for issuing cards, the use of payment applications and access to the call center.